Legal & General Group Plc Acquires Shares of 23,159 Origin Bancorp, Inc. $OBK

Legal & General Group Plc acquired a new position in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,159 shares of the company's stock, valued at approximately $1,183,000. Legal & General Group Plc owned approximately 0.08% of Origin Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in Origin Bancorp during the second quarter valued at approximately $683,000. Algert Global LLC boosted its holdings in Origin Bancorp by 35.6% in the second quarter. Algert Global LLC now owns 25,880 shares of the company's stock worth $1,324,000 after purchasing an additional 6,800 shares during the period. Ieq Capital LLC acquired a new position in Origin Bancorp in the second quarter worth $872,000. Allworth Financial LP acquired a new position in Origin Bancorp in the second quarter worth $30,000. Finally, Great Lakes Advisors LLC bought a new stake in Origin Bancorp during the second quarter valued at $5,469,000. Institutional investors own 54.68% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OBK shares. Piper Sandler raised 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 increased 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. DA Davidson raised their target price 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. Weiss Ratings upgraded Origin Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Origin Bancorp in a report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Origin Bancorp Stock Performance

Shares of NYSE:OBK opened at $54.48 on Tuesday. 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's 50-day moving average price is $53.02 and its 200 day moving average price is $47.93. The company has a market cap of $1.68 billion, a PE ratio of 17.02 and a beta of 0.71. Origin Bancorp, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $55.57.

Origin Bancorp (NYSE:OBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%.The business had revenue of $107.59 million during the quarter. Sell-side analysts anticipate that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. Origin Bancorp's payout ratio is currently 31.25%.

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.

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