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

Origin Bancorp, Inc. (TXSE:OBK) insider Jim Crotwell acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average cost of $53.58 per share, for a total transaction of $107,160.00. Following the acquisition, the insider owned 26,475 shares of the company’s stock, valued at $1,418,530.50. This represents a 8.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Origin Bancorp Price Performance

OBK traded up $0.56 on Tuesday, hitting $54.34. 66,288 shares of the company were exchanged, compared to its average volume of 180,463. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The business’s fifty day moving average is $53.01 and its 200 day moving average is $48.63. Origin Bancorp, Inc. has a fifty-two week low of $32.28 and a fifty-two week high of $58.00. The firm has a market capitalization of $1.68 billion, a P/E ratio of 16.98 and a beta of 0.74.

Origin Bancorp (TXSE:OBK) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share (EPS) for the quarter. The company had revenue of $113.22 million during the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. As a group, sell-side analysts anticipate that Origin Bancorp, Inc. will post 4.11 EPS for the current year.

Origin Bancorp Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OBK shares. Weiss Ratings upgraded Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Raymond James Financial raised their target price on shares of Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Benchmark upgraded shares of Origin Bancorp to a “hold” rating in a research report on Thursday, September 24th. Finally, DA Davidson upped their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Origin Bancorp in the second quarter valued at $132,196,000. Dimensional Fund Advisors LP boosted its stake in shares of Origin Bancorp by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock worth $59,089,000 after purchasing an additional 49,001 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Origin Bancorp by 1.1% during the second quarter. Wellington Management Group LLP now owns 518,389 shares of the company’s stock worth $26,516,000 after buying an additional 5,737 shares in the last quarter. Basswood Capital Management L.L.C. acquired a new position in shares of Origin Bancorp in the second quarter valued at approximately $21,391,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Origin Bancorp during the second quarter valued at approximately $18,968,000. 54.68% of the stock is owned by institutional investors and hedge funds.

About Origin Bancorp

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.