OBT CFO Michael Lesler Buys Company Shares
Michael Lesler, OBT's CFO, purchased 13 shares at $35.35 each.
Key Points
- Michael Lesler, CFO of OBT, purchased 13 shares at $35.35 each on June 15, 2026.
- Shares of OBT traded at $36.04, with notable institutional activity from BlackRock and Vanguard.
- Piper Sandler maintained a 'buy' rating for OBT with a $36 price target as of February 5, 2026.
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Michael Lesler, Executive Vice President and Chief Financial Officer of OBT, bought 13 shares of the company on June 15, 2026. The shares were purchased at an average price of $35.35 each, totaling $459.55 for the transaction. This move was not part of a pre-planned trading program.
Insider Buying and Selling at Orange County Bancorp, Inc.
On June 15, 2026, several insiders at OBT made purchases. Gregory Sousa, EVP and Deputy CLO, bought 25 shares, while William Morrison acquired 11 shares. Jonathan Rouis purchased 37 shares, Richard Rowley bought 132 shares, and Kevin Keane added 92 shares to his holdings. All transactions were made at $35.35 per share.
Other Institutional Activity in OBT
Institutional investors have been active 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. also trimmed its position by 40,127 shares, ending with 1,061,490 shares worth around $33.9 million. Wellington Management Group LLP cut its stake by 76,848 shares, holding 497,422 shares valued at about $15.9 million. Meanwhile, Vanguard Capital Management LLC made a significant addition, acquiring 461,702 shares, bringing its total to the same amount, valued at $14.8 million.
Orange County Bancorp, Inc. Stock Down 5.4%
Shares of OBT traded at $36.04. The stock is closely watched by investors due to its recent insider activity and institutional trading patterns.
Analysts Set New Price Targets
Piper Sandler maintained its 'buy' rating on OBT, setting a price target of $36.00 on February 5, 2026. This reflects continued confidence in the stock's potential. The firm has consistently rated OBT as a 'buy' with varying price targets over the past years.
Bottom Line
Michael Lesler's recent purchase of OBT shares underscores his confidence in the company's prospects. Investors often track insider transactions like this to gauge management's outlook on the company's future. Institutional activity also highlights the interest in OBT, with some funds maintaining or increasing their stakes. As always, it's important to remember that such filings and transactions reflect past actions and may not indicate current positions.
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