Orange County Bancorp price target raised to $71 from $66 at Piper Sandler

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.”