Great Lakes Advisors LLC Makes New $5.47 Million Investment in Origin Bancorp, Inc. $OBK

Great Lakes Advisors LLC purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 106,913 shares of the company's stock, valued at approximately $5,469,000. Great Lakes Advisors LLC owned 0.35% of Origin Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in 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 purchasing an additional 13,107 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Origin Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company's stock worth $605,000 after buying an additional 775 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Origin Bancorp by 3.2% in the first 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 raised its holdings in shares of Origin Bancorp by 49.9% during the first 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 during the last quarter. Finally, Jane Street Group LLC grew its position in Origin Bancorp by 97.9% during the first quarter. Jane Street Group LLC now owns 117,954 shares of the company's stock valued at $4,089,000 after buying an additional 58,340 shares during the period. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Performance

Shares of NYSE OBK traded down $0.25 during trading hours on Monday, hitting $53.00. 59,524 shares of the stock were exchanged, 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's 50 day moving average is $52.67 and its 200 day moving average is $47.52. The firm has a market capitalization of $1.64 billion, a P/E ratio of 16.56 and a beta of 0.72. 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 quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%.The company had revenue of $107.59 million for the quarter. On average, research analysts expect that Origin Bancorp, Inc. will post 4.13 EPS for the current year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders 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 payout ratio is currently 31.25%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OBK. Piper Sandler raised their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Origin Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Raymond James Financial reissued an "outperform" rating on shares of Origin Bancorp in a report on Thursday, July 23rd. Finally, DA Davidson lifted their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $58.00.

About Origin Bancorp

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.