Bank of America Corp DE increased its position in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) by 71.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,524 shares of the company's stock after purchasing an additional 31,005 shares during the period. Bank of America Corp DE owned 0.24% of Origin Bancorp worth $3,090,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in Origin Bancorp in the 3rd quarter valued at about $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Origin Bancorp during the 4th quarter valued at approximately $27,000. International Assets Investment Management LLC purchased a new stake in shares of Origin Bancorp during the 4th quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its holdings in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company's stock valued at $94,000 after acquiring an additional 1,832 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Origin Bancorp by 42.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company's stock valued at $104,000 after acquiring an additional 751 shares during the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on OBK shares. Piper Sandler upped their price target on Origin Bancorp from $55.00 to $56.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Weiss Ratings raised Origin Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Raymond James Financial restated an "outperform" rating on shares of Origin Bancorp in a report on Thursday, July 23rd. 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 report on Tuesday, August 4th. Finally, DA Davidson upped 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.00.
Get Our Latest Research Report on OBK
Origin Bancorp Trading Up 0.2%
OBK opened at $53.34 on Monday. Origin Bancorp, Inc. has a 52 week low of $32.13 and a 52 week high of $55.57. The business has a fifty day simple moving average of $52.67 and a 200-day simple moving average of $47.52. The firm has a market cap of $1.65 billion, a P/E ratio of 16.67 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.
Origin Bancorp (NYSE:OBK - Get Free Report) last announced its 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. The company had revenue of $107.59 million during the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, equities analysts expect that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.
Origin Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Origin Bancorp's dividend payout ratio (DPR) is presently 31.25%.
About Origin Bancorp
(
Free Report)
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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