GSA Capital Partners LLP Makes New Investment in Origin Bancorp, Inc. $OBK

Key Points

• GSA Capital Partners opened a new Origin Bancorp position of 29,660 shares valued at approximately $1.52 million, while institutional investors collectively own 54.68% of the company.
• Analyst sentiment remains positive, with five Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $58.00.
• Origin Bancorp beat quarterly earnings expectations with $1.09 in EPS versus the $1.00 consensus estimate and announced a quarterly dividend of $0.25 per share, representing a 1.8% yield.

GSA Capital Partners LLP purchased a new position in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,660 shares of the company's stock, valued at approximately $1,517,000. GSA Capital Partners LLP owned approximately 0.10% of Origin Bancorp as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Origin Bancorp in the 4th quarter valued at approximately $27,000. Quarry LP bought a new stake in Origin Bancorp during the third quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in Origin Bancorp during the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. grew its holdings in Origin Bancorp by 42.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company's stock valued at $104,000 after purchasing an additional 751 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 1,832 shares during the period. Institutional investors and hedge funds own 54.68% of the company's stock.

Wall Street Analysts Forecast Growth

OBK has been the subject of several recent analyst reports. DA Davidson upped their price objective 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. Stephens lifted their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Origin Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $54.48 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 17.03 and a beta of 0.72. The firm's 50-day simple moving average is $51.88 and its 200-day simple moving average is $46.86. Origin Bancorp, Inc. has a twelve month low of $32.13 and a twelve month high of $55.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (NYSE:OBK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The firm 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, research analysts expect that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given 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 is Friday, August 14th. Origin Bancorp's dividend payout ratio (DPR) is 31.25%.

About Origin Bancorp

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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