418,193 Shares in Origin Bancorp, Inc. $OBK Purchased by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. purchased a new stake in Origin Bancorp, Inc. (NYSE:OBK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 418,193 shares of the company’s stock, valued at approximately $21,391,000. Basswood Capital Management L.L.C. owned about 1.36% of Origin Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Origin Bancorp during the second quarter worth approximately $132,196,000. Bank of New York Mellon Corp acquired a new position in shares of Origin Bancorp in the second quarter valued at approximately $18,968,000. Millennium Management LLC increased its stake in shares of Origin Bancorp by 438.9% during the third quarter. Millennium Management LLC now owns 301,217 shares of the company’s stock worth $10,398,000 after purchasing an additional 245,320 shares during the period. Algebris UK Ltd. bought a new position in shares of Origin Bancorp during the fourth quarter worth approximately $6,925,000. Finally, Nuveen LLC increased its stake in shares of Origin Bancorp by 139.2% during the fourth quarter. Nuveen LLC now owns 275,721 shares of the company’s stock worth $10,370,000 after purchasing an additional 160,469 shares during the period. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Trading Up 0.7%

Shares of OBK stock opened at $53.27 on Thursday. The stock has a market cap of $1.64 billion, a P/E ratio of 16.65 and a beta of 0.72. Origin Bancorp, Inc. has a 1 year low of $32.13 and a 1 year high of $55.57. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $52.51 and a 200 day simple moving average of $47.41.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, research analysts predict that Origin Bancorp, Inc. will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Origin Bancorp’s dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

OBK has been the subject of several recent research reports. DA Davidson boosted their price target on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Piper Sandler lifted their target price on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report 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, Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Origin Bancorp Company 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.