Orange County Bancorp Completes Overallotment Option Sale

Orange County Bancorp ( (OBT) ) has issued an update.

On June 9, 2025, Orange County Bancorp, Inc. announced the completion of an overallotment option sale of 258,064 additional shares of common stock at $23.25 per share, resulting in expected net proceeds of approximately $5.7 million. This move, facilitated by underwriters Piper Sandler & Co. and Stephens Inc., signifies a strategic financial maneuver aimed at strengthening the company’s capital position, potentially enhancing its market competitiveness and offering further growth opportunities.

The most recent analyst rating on (OBT) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Orange County Bancorp stock, see the OBT Stock Forecast page.

Spark’s Take on OBT Stock

According to Spark, TipRanks’ AI Analyst, OBT is a Neutral.

The stock score reflects strong financial performance and attractive valuation, tempered by bearish technical indicators and cash flow concerns. Positive corporate events support the company’s growth and shareholder value.

To see Spark’s full report on OBT stock, click here.

More about Orange County Bancorp

Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank with a history of over 125 years, focusing on community and business clientele, and has grown to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc., a Registered Investment Advisor, was founded in 1996 and acquired by the company in 2012.

Average Trading Volume: 25,046

Technical Sentiment Signal: Hold

Current Market Cap: $318.8M

Learn more about OBT stock on TipRanks’ Stock Analysis page.