Ieq Capital LLC Makes New Investment in Origin Bancorp, Inc. $OBK

Ieq Capital LLC purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 17,048 shares of the company’s stock, valued at approximately $872,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of Origin Bancorp by 50.5% during the 1st quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock worth $1,354,000 after purchasing an additional 13,107 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Origin Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock valued at $605,000 after buying an additional 775 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Origin Bancorp by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after buying an additional 20,146 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Origin Bancorp by 49.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock worth $2,491,000 after buying an additional 23,906 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Origin Bancorp by 97.9% during the first quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after buying an additional 58,340 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBK has been the subject of several research reports. Piper Sandler increased their price objective on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. DA Davidson boosted their target price on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods upped their target price 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. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, Raymond James Financial restated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Origin Bancorp Price Performance

Shares of OBK stock opened at $53.21 on Friday. Origin Bancorp, Inc. has a 12 month low of $32.13 and a 12 month high of $55.57. The company has a market capitalization of $1.64 billion, a P/E ratio of 16.63 and a beta of 0.72. The stock has a 50 day moving average of $52.59 and a two-hundred day moving average of $47.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data 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. The business 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%. As a group, equities analysts expect that Origin Bancorp, Inc. will post 4.13 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Origin Bancorp’s payout ratio is currently 31.25%.

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.