William Morrison Buys Shares of OBT
William Morrison purchased 11 shares of OBT on June 15, 2026.
Key Points
- William Morrison bought 11 shares of OBT at $35.35 each, totaling $388.85, on June 15, 2026.
- OBT stock traded near $36.04 with recent insider buying from several executives.
- Piper Sandler maintained a 'buy' rating for OBT with a $36 target as of February 5, 2026.
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William Morrison recently bought 11 shares of OBT at an average price of $35.35 each, totaling $388.85. This transaction took place on June 15, 2026, and was not part of a pre-arranged trading plan.
Insider Buying and Selling at Orange County Bancorp, Inc.
On June 15, 2026, several insiders at OBT, including William Morrison, made purchases. Gregory Sousa, EVP and Deputy CLO, bought 25 shares, while Jonathan Rouis and Richard Rowley acquired 37 and 132 shares, respectively. Kevin Keane purchased 92 shares, and Michael Lesler, the EVP and CFO, picked up 13 shares. All transactions were at $35.35 per share and were not planned trades.
Other Institutional Activity in OBT
BlackRock, Inc. reduced its holdings in OBT by 50,029 shares, leaving it with 1,892,320 shares valued at about $60.5 million. Orange Investment Advisors, Inc. also cut its stake by 40,127 shares, ending with 1,061,490 shares worth approximately $33.9 million. Wellington Management Group LLP trimmed its position by 76,848 shares, holding 497,422 shares valued at around $15.9 million. In contrast, Vanguard Capital Management LLC initiated a new position with 461,702 shares worth about $14.8 million. Meanwhile, Geode Capital Management, LLC added 1,850 shares, holding a total of 260,473 shares valued at approximately $8.3 million.
Orange County Bancorp, Inc. Stock Down 5.4%
Shares of OBT traded near $36.04. The stock has seen various insider purchases recently, which might indicate internal confidence in its prospects. OBT's market activity is being closely watched by investors following these insider transactions.
Analysts Set New Price Targets
On February 5, 2026, Piper Sandler maintained its 'buy' rating on OBT, setting a price target of $36. This follows a history of consistent 'buy' ratings from the firm, with previous targets ranging from $29 to $71 over the past years.
Bottom Line
The recent insider buying at OBT, including purchases by William Morrison and other executives, might suggest confidence in the company's future. Investors often track such insider activities for potential indicators of a stock's direction. However, it's important to remember that these insider transactions are backward-looking and may not reflect current conditions.
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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.