Origin Bancorp (TXSE:OBK) Insider Buys $107,160.00 in Stock

Origin Bancorp, Inc. (TXSE:OBK) insider Jim Crotwell purchased 2,000 shares of Origin Bancorp stock in a transaction dated Friday, November 6th. The shares were acquired at an average cost of $53.58 per share, with a total value of $107,160.00. Following the transaction, the insider directly owned 26,475 shares in the company, valued at approximately $1,418,530.50. The trade was a 8.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Origin Bancorp Stock Performance

OBK opened at $54.00 on Friday. The company’s 50 day moving average is $53.06 and its 200 day moving average is $48.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 16.88 and a beta of 0.74. Origin Bancorp, Inc. has a 12-month low of $32.28 and a 12-month high of $58.00.

Origin Bancorp (TXSE:OBK) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. The business had revenue of $113.22 million for the quarter. On average, equities research analysts predict that Origin Bancorp, Inc. will post 4.11 EPS for the current year.

Origin Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. DA Davidson boosted their price objective on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Raymond James Financial lifted their target price on shares of Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Weiss Ratings upgraded Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Keefe, Bruyette & Woods lifted their target price on 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 boosted their price target on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Origin Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Institutional Trading of Origin Bancorp

Several hedge funds have recently modified their holdings of OBK. Nykredit A S purchased a new stake in Origin Bancorp during the second quarter valued at $25,000. Allworth Financial LP bought a new position in shares of Origin Bancorp in the 2nd quarter valued at about $30,000. Integrated Wealth Concepts LLC purchased a new position in Origin Bancorp in the second quarter worth about $47,000. USA Financial Formulas bought a new stake in Origin Bancorp during the third quarter worth approximately $49,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Origin Bancorp in the 3rd quarter valued at approximately $75,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

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.