BlackRock Discloses Significant Stake in Orange County Bancorp
Ticker: OBT · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1754226
| Field | Detail |
|---|---|
| Company | Orange County Bancorp, Inc. /De/ (OBT) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, SC-13G, banking, disclosure
TL;DR
**BlackRock just revealed a big stake in Orange County Bancorp, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment management firm, has disclosed its ownership of Orange County Bancorp, Inc. /DE/ common stock as of December 31, 2023. This SC 13G filing indicates that BlackRock holds a significant stake, which is important for investors because large institutional ownership can signal confidence in the company's future and potentially influence its stock price and stability.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a notable position in Orange County Bancorp, which can be seen as a vote of confidence and may attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor's position, which generally reduces perceived risk due to increased oversight and potential stability.
Analyst Insight
Investors should note BlackRock's position as a sign of institutional interest, but further research into the size of the stake and BlackRock's investment thesis would be prudent before making investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — reporting person and investment management firm
- Orange County Bancorp, Inc. /DE/ (company) — subject company, a state commercial bank
- December 31, 2023 (date) — date of event requiring the filing
- 68417L107 (number) — CUSIP number for Orange County Bancorp common stock
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., a major investment management firm based at 50 Hudson Yards, New York, NY.
What is the subject company of this filing?
The subject company is Orange County Bancorp, Inc. /DE/, a state commercial bank with its business address at 212 Dolson Avenue, Middletown, NY.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Orange County Bancorp, Inc. /DE/ is 68417L107.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding Orange County Bancorp, Inc. /DE/ (OBT).