Drake Mills Increases Stake in OBK

Drake Mills, OBK's CEO, acquired 25,947 shares as institutional investors adjusted their holdings.

Written by EarningsIQ · Published Jun 18, 2026, 2:00 PM EDT · Updated Jun 18, 2026, 4:00 PM EDT

Key Points

Drake Mills, Chairman and CEO of OBK, purchased 25,947 shares on June 17, 2026.
OBK shares traded at $48.71 with active institutional buying and selling.
Analysts from Stephens & Co. and others maintain a 'buy' rating with targets up to $54.

Drake Mills, the Chairman, President, and CEO of OBK, has increased his stake in the company by purchasing 25,947 shares on June 17, 2026. This insider buying comes as OBK shares are trading at $48.71.

Other Institutional Activity in OBK

Institutional investors have been active in OBK. BlackRock, Inc. trimmed its position by 26,135 shares, leaving it with 2,470,443 shares valued at about $102.4 million. Meanwhile, Dimensional Fund Advisors LP increased its holdings by 49,001 shares, reaching a total of 1,425,220 shares worth approximately $59.1 million. Vanguard Capital Management LLC made a significant purchase, adding 1,330,233 shares, bringing its total to the same number, valued at roughly $55.2 million. Silvercrest Asset Management Group LLC also boosted its stake by 129,481 shares to 1,130,277 shares, worth about $46.9 million. State Street Corp added 61,732 shares, holding a total of 984,880 shares valued at approximately $40.8 million. Goldman Sachs Group Inc increased its position by 89,199 shares, bringing its total to 886,775 shares, valued at about $36.8 million.

OBK Stock Snapshot

Shares of OBK are trading around $48.71. The stock has seen various institutional movements, reflecting its current market dynamics.

Insider Buying and Selling at OBK

In addition to Drake Mills' purchase of 25,947 shares, Mills also sold 10,338 shares on the same day at an average price of $48.71. Another transaction involved a sale of 25,947 shares at no specified price. James Davison Jr. sold and bought 336,715 shares on May 21, 2026, while William Wallace IV, the CFO, purchased 959 shares on May 20, 2026.

Analysts Set New Price Targets

Analysts continue to show confidence in OBK. On April 24, 2026, Stephens & Co. maintained a 'buy' rating with a price target of $54. Keefe, Bruyette & Woods also maintained a 'buy' rating on February 2, 2026, with a target of $48. DA Davidson has consistently maintained a 'buy' rating, setting various targets, including $49 on January 30, 2026.

Bottom Line

Drake Mills' recent purchase of OBK shares highlights his confidence in the company's future. Institutional investors have been actively adjusting their positions, indicating a dynamic market environment. Analysts remain optimistic, maintaining 'buy' ratings with varied price targets. As always, it's important for investors to consider these activities as part of a broader investment strategy.