Origin Bancorp (TXSE:OBK) Insider Jim Crotwell Purchases 2,000 Shares of Company Stock

Origin Bancorp, Inc. (TXSE:OBK) insider Jim Crotwell purchased 2,000 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were purchased at an average cost of $53.58 per share, with a total value of $107,160.00. Following the completion of the purchase, the insider directly owned 26,475 shares in the company, valued at approximately $1,418,530.50. This represents a 8.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Origin Bancorp Trading Up 0.9%

Shares of TXSE OBK opened at $54.24 on Wednesday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 16.95 and a beta of 0.74. The business has a 50 day simple moving average of $53.03 and a 200 day simple moving average of $48.69. Origin Bancorp, Inc. has a 52 week low of $32.28 and a 52 week high of $58.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (TXSE:OBK) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 EPS for the quarter. The firm had revenue of $113.22 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, research analysts predict that Origin Bancorp, Inc. will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Origin Bancorp’s dividend payout ratio is 26.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Benchmark raised shares of Origin Bancorp to a “hold” rating in a research note on Thursday, September 24th. DA Davidson increased their target price on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Raymond James Financial raised their target price on Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Weiss Ratings raised Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Piper Sandler boosted their price target on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Origin Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Institutional Trading of Origin Bancorp

A number of large investors have recently bought and sold shares of OBK. Nykredit A S bought a new position in shares of Origin Bancorp during the second quarter valued at $25,000. Allworth Financial LP bought a new stake in shares of Origin Bancorp in the 2nd quarter worth about $30,000. Integrated Wealth Concepts LLC bought a new stake in shares of Origin Bancorp in the 2nd quarter worth about $47,000. USA Financial Formulas bought a new stake in shares of Origin Bancorp in the 3rd quarter worth about $49,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Origin Bancorp during the 3rd quarter worth about $75,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Company Profile

Origin Bancorp, Inc. is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities. Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.