Susquehanna International Group LLP Has $894,000 Stake in Origin Bancorp, Inc. $OBK

Susquehanna International Group LLP lessened its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 49.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,478 shares of the company’s stock after selling 17,442 shares during the quarter. Susquehanna International Group LLP owned about 0.06% of Origin Bancorp worth $894,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Origin Bancorp by 1.1% during the second quarter. Wellington Management Group LLP now owns 518,389 shares of the company’s stock worth $26,516,000 after purchasing an additional 5,737 shares during the period. Beacon Pointe Advisors LLC bought a new position in Origin Bancorp in the 2nd quarter worth $476,000. Empowered Funds LLC bought a new position in Origin Bancorp in the 2nd quarter worth $7,366,000. Public Employees Retirement System of Ohio acquired a new position in Origin Bancorp during the 2nd quarter worth $98,000. Finally, Corient Private Wealth LP bought a new stake in Origin Bancorp during the second quarter valued at about $1,055,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on OBK. Raymond James Financial restated an “outperform” rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. DA Davidson increased their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Origin Bancorp has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Origin Bancorp Stock Up 0.2%

Shares of OBK stock opened at $53.34 on Monday. The stock has a market cap of $1.65 billion, a P/E ratio of 16.67 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. The stock has a fifty day moving average price of $52.67 and a 200 day moving average price of $47.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. Analysts predict that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.

Origin Bancorp Dividend Announcement

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 1.9%. 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.