Corient Private Wealth LP Invests $1.05 Million in Origin Bancorp, Inc. $OBK

Key Points

• Corient Private Wealth LP acquired 20,629 shares of Origin Bancorp valued at approximately $1.05 million, giving it a 0.07% stake. Institutional investors and hedge funds collectively own 54.68% of the company.
• Origin Bancorp reported quarterly EPS of $1.09, exceeding analyst estimates of $1.00, on revenue of $107.59 million. The company also declared a quarterly dividend of $0.25 per share, representing a 1.8% yield.
• Analyst sentiment remains positive, with five Buy ratings and two Holds; the average price target is $58, compared with the stock’s reported trading price of $54.48.

Corient Private Wealth LP acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 20,629 shares of the company's stock, valued at approximately $1,055,000. Corient Private Wealth LP owned 0.07% of Origin Bancorp at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Origin Bancorp during the 2nd quarter valued at $132,196,000. Vanguard Group Inc. increased its stake in Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company's stock valued at $65,950,000 after buying an additional 37,050 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Origin Bancorp by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company's stock worth $59,089,000 after buying an additional 49,001 shares in the last quarter. State Street Corp lifted its stake in shares of Origin Bancorp by 1.2% in the 4th quarter. State Street Corp now owns 923,148 shares of the company's stock worth $34,720,000 after acquiring an additional 10,741 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Origin Bancorp by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company's stock valued at $29,997,000 after acquiring an additional 116,410 shares during the period. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 0.2%

NYSE OBK opened at $54.48 on Friday. 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 company has a market capitalization of $1.68 billion, a PE ratio of 17.02 and a beta of 0.71. The firm's fifty day simple moving average is $52.96 and its 200-day simple moving average is $47.83.

Origin Bancorp (NYSE:OBK - Get Free Report) 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 firm 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%. As a group, sell-side analysts anticipate 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 was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 14th. Origin Bancorp's dividend payout ratio is 31.25%.

Analysts Set New Price Targets

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

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