Great Lakes Advisors LLC Purchases New Stake in Origin Bancorp, Inc. $OBK

Great Lakes Advisors LLC purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 106,913 shares of the company’s stock, valued at approximately $5,469,000. Great Lakes Advisors LLC owned approximately 0.35% of Origin Bancorp as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Origin Bancorp in the second quarter worth $132,196,000. Vanguard Group Inc. boosted its position in Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after purchasing an additional 37,050 shares during the period. Dimensional Fund Advisors LP boosted its position in 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 period. State Street Corp increased its holdings in Origin Bancorp by 1.2% in the 4th quarter. State Street Corp now owns 923,148 shares of the company’s stock valued at $34,720,000 after purchasing an additional 10,741 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings 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 in the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Origin Bancorp Trading Down 1.8%

Shares of OBK opened at $52.61 on Thursday. The company has a market capitalization of $1.62 billion, a P/E ratio of 16.44 and a beta of 0.72. Origin Bancorp, Inc. has a one year low of $32.13 and a one year high of $55.57. 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 stock has a 50-day moving average price of $52.15 and a 200 day moving average price of $47.11.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%.The firm had revenue of $107.59 million during the quarter. Sell-side analysts forecast that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

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

About Origin Bancorp

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.