Ieq Capital LLC bought a new position in Origin Bancorp, Inc. (NYSE:OBK – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,048 shares of the company’s stock, valued at approximately $872,000. Ieq Capital LLC owned approximately 0.06% of Origin Bancorp as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of OBK. The Manufacturers Life Insurance Company increased its stake in shares of Origin Bancorp by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after acquiring an additional 300 shares during the last quarter. LPL Financial LLC boosted its position in Origin Bancorp by 1.9% during the fourth quarter. LPL Financial LLC now owns 16,122 shares of the company’s stock valued at $606,000 after purchasing an additional 300 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Origin Bancorp by 2.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock valued at $474,000 after purchasing an additional 375 shares in the last quarter. Natixis Advisors LLC grew its stake in Origin Bancorp by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 16,511 shares of the company’s stock valued at $621,000 after purchasing an additional 394 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Origin Bancorp by 2.6% in the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock worth $753,000 after purchasing an additional 457 shares during the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.
Origin Bancorp Stock Performance
OBK opened at $53.21 on Friday. The company has a market cap of $1.64 billion, a PE ratio of 16.63 and a beta of 0.72. The stock has a 50-day moving average of $52.59 and a 200-day moving average of $47.46. Origin Bancorp, Inc. has a 52-week low of $32.13 and a 52-week high of $55.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.
Origin Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is 31.25%.
Wall Street Analyst Weigh In
OBK has been the subject of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Piper Sandler lifted their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, DA Davidson increased their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Origin Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.
Read Our Latest Analysis on OBK
Origin Bancorp Profile
Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.
Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.
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