Corient Private Wealth LP purchased a new stake in Origin Bancorp, Inc. (NYSE:OBK – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,629 shares of the company’s stock, valued at approximately $1,055,000.
A number of other institutional investors have also made changes to their positions in the business. Quarry LP bought a new position in Origin Bancorp during the third quarter worth $25,000. Kestra Advisory Services LLC acquired a new stake in Origin Bancorp in the 4th quarter worth $27,000. International Assets Investment Management LLC bought a new position in shares of Origin Bancorp during the 4th quarter worth about $30,000. Allworth Financial LP acquired a new position in shares of Origin Bancorp during the second quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after buying an additional 1,832 shares during the period. 54.68% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on OBK shares. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods lifted their price target on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Piper Sandler increased their price objective 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. Finally, DA Davidson raised 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.
Origin Bancorp Price Performance
Shares of OBK stock opened at $54.48 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 17.02 and a beta of 0.71. Origin Bancorp, Inc. has a 12 month low of $32.13 and a 12 month high of $55.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $52.96 and a 200 day moving average price of $47.83.
Origin Bancorp (NYSE:OBK – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. The company had revenue of $107.59 million for the quarter. Research analysts expect that Origin Bancorp, Inc. will post 4.13 EPS for the current year.
Origin Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. Origin Bancorp’s dividend payout ratio is currently 31.25%.
About Origin Bancorp
Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Ruston, Louisiana, 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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