Susquehanna International Group LLP Sells 17,442 Shares of Origin Bancorp, Inc. $OBK

Susquehanna International Group LLP trimmed its position in Origin Bancorp, Inc. (NYSE:OBK) by 49.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,478 shares of the company’s stock after selling 17,442 shares during the quarter. Susquehanna International Group LLP owned 0.06% of Origin Bancorp worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Origin Bancorp during the second quarter valued at approximately $132,196,000. Vanguard Group Inc. increased its stake in Origin Bancorp by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after acquiring an additional 37,050 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Origin Bancorp by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock worth $59,089,000 after buying an additional 49,001 shares during the last quarter. State Street Corp lifted its position in shares of Origin Bancorp by 1.2% during the fourth quarter. State Street Corp now owns 923,148 shares of the company’s stock worth $34,720,000 after purchasing an additional 10,741 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Origin Bancorp by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock worth $29,997,000 after buying an additional 116,410 shares during the period. Institutional investors own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Piper Sandler upped their target price on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. DA Davidson upped their target price on shares of 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 upped their price target on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Origin Bancorp Stock Performance

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

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $107.59 million during the quarter. On average, equities research analysts predict that Origin Bancorp, Inc. will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. Origin Bancorp’s payout ratio 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.