Origin Bancorp, Inc. $OBK Shares Sold by Great Lakes Advisors LLC

by · The Markets Daily

Great Lakes Advisors LLC trimmed its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK – Free Report) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,788 shares of the company’s stock after selling 12,861 shares during the period. Great Lakes Advisors LLC owned approximately 0.33% of Origin Bancorp worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Origin Bancorp during the 2nd quarter worth $483,000. Creative Planning increased its position in shares of Origin Bancorp by 17.6% during the second quarter. Creative Planning now owns 59,884 shares of the company’s stock valued at $2,140,000 after purchasing an additional 8,941 shares during the period. Tributary Capital Management LLC boosted its position in shares of Origin Bancorp by 92.5% during the 3rd 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 in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Origin Bancorp in the 2nd quarter valued at approximately $224,000. Finally, Franklin Resources Inc. boosted its stake in shares of Origin Bancorp by 25.6% in the 2nd quarter. Franklin Resources Inc. now owns 138,574 shares of the company’s stock valued at $4,953,000 after purchasing an additional 28,263 shares in the last quarter. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Price Performance

Shares of OBK opened at $42.83 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 17.85 and a beta of 0.74. The business’s 50-day moving average is $38.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $43.43.

Origin Bancorp (NYSE:OBK – Get Free Report) last released its earnings results on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.88 by $0.07. The business had revenue of $94.00 million during the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, February 13th. Origin Bancorp’s dividend payout ratio is currently 25.00%.

Insiders Place Their Bets

In related news, Director Cecil W. Jones purchased 8,500 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $34.71 per share, with a total value of $295,035.00. Following the transaction, the director owned 12,709 shares of the company’s stock, valued at $441,129.39. This represents a 201.95% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. DA Davidson set a $49.00 price objective on Origin Bancorp in a research report on Friday. Piper Sandler boosted their price objective on shares of Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Origin Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $44.20.

Check Out Our Latest Stock Analysis on OBK

Origin Bancorp Profile

(Free Report)

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.

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