Origin Bancorp (NYSE:OBK) Director Cecil Jones Purchases 8,500 Shares

Origin Bancorp, Inc. (NYSE:OBK) Director Cecil Jones bought 8,500 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $34.71 per share, with a total value of $295,035.00. Following the transaction, the director directly owned 12,709 shares of the company’s stock, valued at approximately $441,129.39. This trade represents a 201.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Origin Bancorp Trading Down 0.0%

Origin Bancorp stock traded down $0.02 during trading hours on Tuesday, reaching $34.63. 159,016 shares of the company were exchanged, compared to its average volume of 155,238. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.13 and a beta of 0.81. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $35.57. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.62). Origin Bancorp had a return on equity of 5.09% and a net margin of 10.23%.The business had revenue of $109.83 million for the quarter, compared to analyst estimates of $103.95 million.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 14th. Origin Bancorp’s dividend payout ratio is presently 31.41%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OBK. DA Davidson upgraded Origin Bancorp to a “strong-buy” rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a report on Wednesday, October 8th. Piper Sandler raised their target price on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Wall Street Zen lowered Origin Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Origin Bancorp currently has an average rating of “Buy” and an average target price of $43.40.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in Origin Bancorp by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after purchasing an additional 300 shares in the last quarter. CWM LLC boosted its position in shares of Origin Bancorp by 44.8% during the 1st quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after purchasing an additional 315 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Origin Bancorp by 46.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Origin Bancorp by 4.3% in the third quarter. Harbor Capital Advisors Inc. now owns 11,162 shares of the company’s stock worth $385,000 after acquiring an additional 460 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Origin Bancorp by 7.1% in the first quarter. New York State Common Retirement Fund now owns 9,046 shares of the company’s stock worth $314,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.