Gregory Sousa Buys Shares of OBT
Gregory Sousa, EVP and Deputy CLO, purchased 25 shares of OBT.
Key Points
- Gregory Sousa, EVP and Deputy CLO of OBT, purchased 25 shares at $35.35 each on June 15, 2026.
- Shares of OBT traded at $36.04, with institutional peers adjusting their holdings recently.
- Piper Sandler maintained a 'buy' rating for OBT with a price target of $36.00 as of February 5, 2026.
On June 15, 2026, Gregory Sousa, Executive Vice President and Deputy Chief Legal Officer at OBT, bought 25 shares of the company at an average price of $35.35 each. This insider purchase reflects his confidence in the company's prospects.
Other Institutional Activity in OBT
There has been notable activity among OBT's institutional investors. BlackRock, Inc. reduced its stake by 50,029 shares, leaving it with 1,892,320 shares valued at approximately $60.5 million. Orange Investment Advisors, Inc. also cut its holdings by 40,127 shares, ending with 1,061,490 shares worth about $33.9 million. Wellington Management Group LLP decreased its position by 76,848 shares, resulting in 497,422 shares valued at $15.9 million. Conversely, Vanguard Capital Management LLC initiated a position with 461,702 shares, valued at $14.8 million. Meanwhile, The Manufacturers Life Insurance Company trimmed its stake by 4,157 shares, now holding 309,310 shares worth roughly $9.9 million.
OBT Stock Snapshot
Shares of OBT traded at $36.04. Institutional investors have been adjusting their positions, reflecting varying outlooks for the stock.
Insider Buying and Selling at OBT
In addition to Gregory Sousa's purchase, several other insiders bought shares on June 15, 2026. William Morrison acquired 11 shares, Jonathan Rouis bought 37 shares, Richard Rowley purchased 132 shares, Kevin Keane added 92 shares, and Michael Lesler, EVP and Chief Financial Officer, bought 13 shares. All transactions were at the same average price of $35.35.
Analysts Set New Price Targets
On February 5, 2026, Piper Sandler maintained its 'buy' rating for OBT with a price target of $36.00. The firm has consistently held a positive view on the stock, reiterating its 'buy' rating over the past years with varying target prices.
About OBT
OBT operates in the financial sector, providing a range of banking and financial services. The company focuses on delivering innovative solutions to meet the needs of its customers. OBT is headquartered in the United States and is known for its commitment to customer service and financial stability.
Bottom Line
Insider activity, such as the recent purchase by Gregory Sousa, can provide insights into the confidence of those closely involved with the company. Institutional investors have shown mixed movements in their holdings, reflecting diverse perspectives on OBT's future. Analysts like Piper Sandler remain optimistic, maintaining a 'buy' rating. As always, these insights are based on past transactions and do not predict future performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.