Origin Bancorp, Inc. $OBK Shares Bought by Sei Investments Co.

Key Points

• Sei Investments increased its Origin Bancorp stake by 45.6% in the first quarter, bringing its holdings to 91,083 shares valued at approximately $3.8 million. Institutional investors and hedge funds collectively own 54.68% of OBK.
• Origin Bancorp reported quarterly earnings of $1.09 per share, exceeding analysts’ $1.00 estimate, on revenue of $107.59 million. Analysts expect full-year earnings of $4.13 per share.
• The company announced a quarterly dividend of $0.25 per share, equivalent to an annualized $1.00 payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $58.00.

Sei Investments Co. increased its holdings in Origin Bancorp, Inc. (NYSE:OBK - Free Report) by 45.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,083 shares of the company's stock after purchasing an additional 28,515 shares during the quarter. Sei Investments Co. owned 0.29% of Origin Bancorp worth $3,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OBK. Vanguard Group Inc. increased its holdings in shares of Origin Bancorp by 2.2% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $59,089,000 after acquiring an additional 49,001 shares during the last quarter. State Street Corp boosted its stake in shares of Origin Bancorp by 1.2% during 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Origin Bancorp by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company's stock worth $29,997,000 after acquiring an additional 116,410 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of Origin Bancorp by 13.5% in the 4th quarter. Kennedy Capital Management LLC now owns 706,235 shares of the company's stock worth $26,561,000 after acquiring an additional 83,971 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Price Performance

OBK opened at $53.89 on Friday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 16.84 and a beta of 0.72. The stock has a fifty day moving average of $51.10 and a 200-day moving average of $46.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp, Inc. has a 12-month low of $32.13 and a 12-month high of $55.57.

Origin Bancorp (NYSE:OBK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. The business had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%. Equities analysts forecast that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Origin Bancorp's dividend payout ratio is currently 31.25%.

Analyst Ratings Changes

Several equities research analysts have recently commented on OBK shares. Keefe, Bruyette & Woods upped their target price on Origin Bancorp from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday. Weiss Ratings reissued a "buy (b)" rating on shares of Origin Bancorp in a research note on Friday, July 24th. Piper Sandler boosted their price objective on Origin Bancorp from $55.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Raymond James Financial reaffirmed an "outperform" rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Finally, Stephens raised 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. 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 has an average 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 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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