Great Lakes Advisors LLC Reduces Holdings in Origin Bancorp, Inc. $OBK

Great Lakes Advisors LLC trimmed its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 11.1% during the third quarter, HoldingsChannel.com reports. The firm owned 102,788 shares of the company’s stock after selling 12,861 shares during the quarter. Great Lakes Advisors LLC’s holdings in Origin Bancorp were worth $3,548,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Tributary Capital Management LLC increased its stake in Origin Bancorp by 92.5% in the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after acquiring an additional 379,716 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after purchasing an additional 58,340 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Origin Bancorp during the 2nd quarter valued at about $1,911,000. First Trust Advisors LP purchased a new position in shares of Origin Bancorp during the 2nd quarter valued at about $1,897,000. Finally, Qube Research & Technologies Ltd lifted its position in Origin Bancorp by 112.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 91,666 shares of the company’s stock worth $3,276,000 after buying an additional 48,566 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

OBK has been the subject of a number of research reports. Piper Sandler upped their price objective on shares of Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Zacks Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Wall Street Zen raised Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, DA Davidson set a $49.00 price target on Origin Bancorp in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Origin Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.20.

Insider Activity at Origin Bancorp

In related news, Director Cecil W. Jones purchased 8,500 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $34.71 per share, with a total value of $295,035.00. Following the acquisition, the director directly owned 12,709 shares in the company, valued at $441,129.39. The trade was a 201.95% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.39% of the stock is owned by company insiders.

Origin Bancorp Price Performance

OBK opened at $42.83 on Friday. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $43.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $38.87. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 17.85 and a beta of 0.74.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The business had revenue of $94.00 million for the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. Origin Bancorp’s payout ratio is presently 25.00%.

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.