Marianna Kennedy Acquires OBT Shares
Marianna Kennedy purchased 51 shares of OBT, spending $1,802.85.
Key Points
- Marianna Kennedy purchased 51 shares of OBT at $35.35 each, totaling $1,802.85 on June 15, 2026.
- Shares of OBT traded near $36.04, with several institutional investors adjusting their positions.
- Piper Sandler maintained a 'buy' rating for OBT with a $36 price target as of February 5, 2026.
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On June 15, 2026, Marianna Kennedy purchased 51 shares of OBT, spending $1,802.85 at an average price of $35.35 per share. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in OBT
Several institutional investors have also adjusted their stakes in OBT. BlackRock, Inc. reduced its holdings by 50,029 shares, leaving it with 1,892,320 shares valued at approximately $60.5 million. Orange Investment Advisors, Inc. cut 40,127 shares, ending with 1,061,490 shares worth about $33.9 million. Wellington Management Group LLP trimmed its position by 76,848 shares to a total of 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 $14.8 million. Geode Capital Management, LLC increased its holdings slightly by 1,850 shares, reaching 260,473 shares worth $8.3 million.
Orange County Bancorp, Inc. Stock Down 5.4%
Shares of OBT traded around $36.04. The company's stock has been active with several insider and institutional transactions recently.
Insider Buying and Selling at Orange County Bancorp, Inc.
On June 15, 2026, several insiders made purchases of OBT shares. Gregory Sousa, EVP and Deputy CLO, bought 25 shares at $35.35 apiece. William Morrison acquired 11 shares, and Jonathan Rouis purchased 37 shares, both at the same price. Richard Rowley bought 132 shares, Kevin Keane acquired 92 shares, and Michael Lesler, EVP and Chief Financial Officer, purchased 13 shares. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
On February 5, 2026, Piper Sandler maintained its 'buy' rating for OBT, setting a price target of $36. Piper Sandler has consistently reiterated its positive outlook on OBT, maintaining a 'buy' rating through several updates, with targets ranging from $29 to $71 over the past few years.
Bottom Line
Marianna Kennedy's recent purchase of OBT shares highlights ongoing interest in the company. While institutional investors have shown varied activity, Piper Sandler's maintained 'buy' rating suggests confidence in OBT's prospects. As this is based on past transactions, it's essential to consider that positions may have changed since the filing.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.