29,660 Shares in Origin Bancorp, Inc. $OBK Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Origin Bancorp, Inc. (NYSE:OBK) during the second quarter, HoldingsChannel.com reports. The firm purchased 29,660 shares of the company’s stock, valued at approximately $1,517,000.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of Origin Bancorp by 438.9% during the third quarter. Millennium Management LLC now owns 301,217 shares of the company’s stock worth $10,398,000 after buying an additional 245,320 shares in the last quarter. Algebris UK Ltd. bought a new stake in Origin Bancorp during the 4th quarter worth approximately $6,925,000. Nuveen LLC increased its holdings in Origin Bancorp by 139.2% during the 4th quarter. Nuveen LLC now owns 275,721 shares of the company’s stock valued at $10,370,000 after purchasing an additional 160,469 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Origin Bancorp by 219.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 179,657 shares of the company’s stock valued at $6,202,000 after purchasing an additional 123,333 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Origin Bancorp by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock valued at $29,997,000 after purchasing an additional 116,410 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $54.48 on Monday. The stock has a market cap of $1.68 billion, a PE ratio of 17.03 and a beta of 0.72. The stock has a 50-day moving average of $51.88 and a 200-day moving average of $46.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. Origin Bancorp, Inc. has a one year low of $32.13 and a one year high of $55.57.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share 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 business had revenue of $107.59 million for the quarter. As a group, sell-side analysts expect that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio is 31.25%.

Wall Street Analyst Weigh In

OBK has been the topic of several research analyst reports. Stephens increased their target price on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Raymond James Financial restated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Finally, Weiss Ratings cut shares of Origin Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Origin Bancorp Company Profile

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.