Origin Bancorp (NYSE:OBK) CAO Buys $10,233.00 in Stock

Origin Bancorp, Inc. (NYSE:OBK) CAO Stephen Brolly acquired 300 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $34.11 per share, with a total value of $10,233.00. Following the purchase, the chief accounting officer owned 21,624 shares in the company, valued at $737,594.64. This represents a 1.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Origin Bancorp Trading Down 0.1%

Shares of NYSE OBK opened at $34.76 on Friday. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The stock has a market cap of $1.09 billion, a PE ratio of 18.20 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $35.65.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.62). Origin Bancorp had a net margin of 10.23% and a return on equity of 5.09%. The business had revenue of $109.83 million for the quarter, compared to analysts’ expectations of $103.95 million.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. Origin Bancorp’s dividend payout ratio is currently 31.41%.

Institutional Trading of Origin Bancorp

Hedge funds have recently made changes to their positions in the company. CWM LLC grew its stake in shares of Origin Bancorp by 44.8% in the 1st quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after buying an additional 315 shares during the period. Federated Hermes Inc. acquired a new stake in Origin Bancorp during the 1st quarter worth approximately $40,000. Nisa Investment Advisors LLC lifted its holdings in Origin Bancorp by 46.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Origin Bancorp during the 3rd quarter worth approximately $47,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after buying an additional 1,832 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OBK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a research note on Wednesday, October 8th. DA Davidson raised shares of Origin Bancorp to a “strong-buy” rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods increased their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Piper Sandler increased their price target on shares of Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wall Street Zen cut shares of Origin Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $43.40.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.