Great Lakes Advisors LLC Invests $5.47 Million in Origin Bancorp, Inc. $OBK

Great Lakes Advisors LLC bought a new stake in Origin Bancorp, Inc. (NYSE:OBK) during the second quarter, HoldingsChannel reports. The firm bought 106,913 shares of the company’s stock, valued at approximately $5,469,000.

Several other large investors have also modified their holdings of OBK. AQR Capital Management LLC increased its holdings in Origin Bancorp by 50.5% in the first quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock valued at $1,354,000 after buying an additional 13,107 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Origin Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock valued at $605,000 after buying an additional 775 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Origin Bancorp by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after buying an additional 20,146 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Origin Bancorp by 49.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock worth $2,491,000 after buying an additional 23,906 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after acquiring an additional 58,340 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of NYSE OBK opened at $52.61 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $52.15 and its two-hundred day moving average price is $47.11. Origin Bancorp, Inc. has a 52-week low of $32.13 and a 52-week high of $55.57. The stock has a market capitalization of $1.62 billion, a P/E ratio of 16.44 and a beta of 0.72.

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

Origin Bancorp Dividend Announcement

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

Analysts Set New Price Targets

OBK has been the subject of a number of research analyst reports. DA Davidson boosted their price target on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 24th. 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 report on Friday, August 7th. Stephens boosted their target price 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. Finally, Piper Sandler increased their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Origin Bancorp has an average rating of “Moderate Buy” and an average target price 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.