Sei Investments Co. Purchases 28,515 Shares of Origin Bancorp, Inc. $OBK

Sei Investments Co. raised its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 45.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,083 shares of the company’s stock after buying an additional 28,515 shares during the period. Sei Investments Co. owned about 0.29% of Origin Bancorp worth $3,776,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Origin Bancorp in the 3rd quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in Origin Bancorp during the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC grew its stake in Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after acquiring an additional 1,832 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Origin Bancorp by 42.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock worth $104,000 after buying an additional 751 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OBK. Piper Sandler increased their price objective on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Raymond James Financial reissued an “outperform” rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. DA Davidson lifted their target price on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Origin Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Origin Bancorp Trading Down 0.5%

Shares of OBK stock traded down $0.25 during trading hours on Monday, hitting $53.00. 59,524 shares of the company were exchanged, compared to its average volume of 185,454. Origin Bancorp, Inc. has a 1 year low of $32.13 and a 1 year high of $55.57. The firm has a market cap of $1.64 billion, a PE ratio of 16.56 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $52.67 and a 200 day moving average of $47.52.

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

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is currently 31.25%.

About Origin Bancorp

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Ruston, Louisiana, 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.