Yahoo Finance

Piper Sandler analyst Mark Fitzgibbon raised the firm’s price target on Orange County Bancorp (OBT) to $71 from $66 and keeps an Overweight rating on the shares. The stock is trading at a discounted price-to-earnings multiple which is “too large and should begin to narrow,” the analyst tells investors in a research note. Piper says Orange County has generated superior growth over time. It calls Metropolitan and Orange County Bancorp “small-cap stocking stuffers.”

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Read More on OBT:

• Orange County Bancorp Outlines Growth Strategy at Conference

• Orange County Bancorp, Inc. Reports Q3 2024 Financial Results

• Orange County Bancorp price target lowered to $66 from $69 at Piper Sandler

• Orange County Bancorp reports Q3 EPS 57c vs $1.61 last year

• Is OBT a Buy, Before Earnings?