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

Basswood Capital Management L.L.C. purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Origin Bancorp by 50.5% in 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 stake in Origin Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company's stock valued at $605,000 after purchasing an additional 775 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Origin Bancorp by 3.2% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 valued at $2,491,000 after purchasing an additional 23,906 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Origin Bancorp by 97.9% in the first 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 during the last quarter. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Down 0.5%

Origin Bancorp stock traded down $0.25 during mid-day trading on Monday, hitting $53.00. The company's stock had a trading volume of 59,524 shares, compared to its average volume of 185,454. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $1.64 billion, a PE ratio of 16.56 and a beta of 0.72. The firm's 50 day moving average is $52.67 and its 200 day moving average is $47.52. Origin Bancorp, Inc. has a 52-week low of $32.13 and a 52-week high of $55.57.

Origin Bancorp (NYSE:OBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 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. On average, analysts anticipate that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.

Origin Bancorp Dividend Announcement

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

Analysts Set New Price Targets

OBK has been the topic of several research analyst reports. DA Davidson lifted their target price on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Weiss Ratings upgraded Origin Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 21st. Keefe, Bruyette & Woods upped their target price 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. Raymond James Financial reiterated an "outperform" rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Finally, Piper Sandler upped their price objective on Origin Bancorp from $55.00 to $56.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.00.

Origin Bancorp Company Profile

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.