144,011 Shares in Origin Bancorp, Inc. $OBK Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 144,011 Origin Bancorp shares worth approximately $7.4 million, giving it a 0.47% stake. Institutional investors collectively own 54.68% of the company.
• Origin Bancorp reported quarterly EPS of $1.09, beating estimates by $0.09, on revenue of $107.59 million. Shares opened at $53.34, near their 52-week high of $55.57.
• The company declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $58.00.

Empowered Funds LLC purchased a new stake in Origin Bancorp, Inc. (NYSE:OBK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 144,011 shares of the company's stock, valued at approximately $7,366,000. Empowered Funds LLC owned approximately 0.47% of Origin Bancorp at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Origin Bancorp by 50.5% during the first quarter. AQR Capital Management LLC now owns 39,056 shares of the company's stock valued at $1,354,000 after acquiring an additional 13,107 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 worth $605,000 after purchasing an additional 775 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 20,146 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Origin Bancorp by 49.9% during 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 purchasing an additional 23,906 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Origin Bancorp by 97.9% during the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company's stock worth $4,089,000 after purchasing an additional 58,340 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Trading Up 0.2%

Shares of NYSE OBK opened at $53.34 on Monday. Origin Bancorp, Inc. has a 1-year low of $32.13 and a 1-year high of $55.57. The company has a market cap of $1.65 billion, a PE ratio of 16.67 and a beta of 0.72. 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 company has a 50-day moving average of $52.67 and a two-hundred day moving average of $47.52.

Origin Bancorp (NYSE:OBK - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The company had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. As a group, equities analysts expect that Origin Bancorp, Inc. will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

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

Analyst Ratings Changes

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

About Origin Bancorp

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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