30,436 Shares in Origin Bancorp, Inc. $OBK Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 30,436 shares of Origin Bancorp during the second quarter, valued at approximately $1.56 million. Institutional investors collectively own 54.68% of the company, with several other funds also adding positions.
• Origin Bancorp reported quarterly EPS of $1.09, exceeding the $1.00 consensus estimate, on revenue of $107.59 million. Analysts expect full-year EPS of approximately $4.13.
• The company declared a quarterly dividend of $0.25 per share, equivalent to a $1.00 annualized payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $58.

Deutsche Bank AG bought a new position in Origin Bancorp, Inc. (NYSE:OBK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,436 shares of the company's stock, valued at approximately $1,557,000. Deutsche Bank AG owned about 0.10% of Origin Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Origin Bancorp during the second quarter valued at approximately $18,968,000. GSA Capital Partners LLP bought a new stake in Origin Bancorp during the second quarter valued at about $1,517,000. Revolve Wealth Partners LLC bought a new position in Origin Bancorp during the second quarter valued at approximately $219,000. Summit Financial Wealth Advisors LLC raised its stake in shares of Origin Bancorp by 5.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 13,917 shares of the company's stock valued at $577,000 after acquiring an additional 700 shares during the period. Finally, Bank of America Corp DE boosted its position in Origin Bancorp by 71.2% in the 1st quarter. Bank of America Corp DE now owns 74,524 shares of the company's stock valued at $3,090,000 after buying an additional 31,005 shares during the period. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Down 0.5%

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

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, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $107.59 million during 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 year.

Origin Bancorp Announces Dividend

The company 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 $0.25 dividend. 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 dividend payout ratio (DPR) is currently 31.25%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OBK. Weiss Ratings raised shares of Origin Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 21st. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. DA Davidson boosted their price objective on Origin Bancorp from $53.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Piper Sandler increased their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source