OBT CEO Michael Gilfeather Purchases Shares Amidst Active Insider Trading
CEO Michael Gilfeather acquired 134 OBT shares on June 15, 2026.
Key Points
- Michael Gilfeather, President and CEO of OBT, purchased 134 shares at $35.35 each on June 15, 2026.
- OBT shares traded at $36.04, with institutional investors like BlackRock and Vanguard making moves.
- Analysts from Piper Sandler maintained a buy rating on OBT with a $36 target price in February 2026.
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On June 15, 2026, Michael Gilfeather, the President and CEO of OBT, bought 134 shares of the company at an average price of $35.35, bringing the total value of the transaction to about $4,736. This insider purchase was not part of a pre-arranged trading plan.
Insider Buying and Selling at Orange County Bancorp, Inc.
Several insiders at OBT were active on the same day as Gilfeather's purchase. Gregory Sousa, EVP and Deputy CLO, bought 25 shares. Other insiders like William Morrison, Jonathan Rouis, Richard Rowley, Kevin Keane, and Michael Lesler also made smaller purchases, ranging from 11 to 132 shares each, all at the same price of $35.35.
Other Institutional Activity in OBT
Institutional investors have also been making adjustments to their OBT holdings. BlackRock, Inc. reduced its position by 50,029 shares, ending with 1,892,320 shares valued at approximately $60.5 million. Orange Investment Advisors, Inc. cut its holdings by 40,127 shares, bringing its total to 1,061,490 shares worth about $33.9 million. Wellington Management Group LLP also trimmed its stake by 76,848 shares, now holding 497,422 shares valued at $15.9 million. Meanwhile, Vanguard Capital Management LLC added 461,702 shares, bringing its total to the same amount, valued at around $14.8 million.
Analysts Set New Price Targets
Analysts at Piper Sandler maintained their buy rating for OBT on February 5, 2026, with a price target of $36. This follows a consistent pattern of buy ratings from the firm, with previous targets set at $31 in December 2025 and $29 in July 2025.
Bottom Line
Michael Gilfeather's recent insider purchase of OBT shares signals a show of confidence from the company's top executive. Institutional investors are also actively adjusting their positions, reflecting varied strategies. Analysts continue to support the stock with buy ratings, suggesting a positive outlook from the investment community. Remember, insider transactions and institutional moves are backward-looking and may not reflect current positions.
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