Origin Bancorp, Inc. $OBK Shares Acquired by Cwm LLC

Cwm LLC raised its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 210.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,157 shares of the company’s stock after buying an additional 2,139 shares during the quarter. Cwm LLC’s holdings in Origin Bancorp were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Origin Bancorp by 7.1% during the first quarter. New York State Common Retirement Fund now owns 9,046 shares of the company’s stock valued at $314,000 after buying an additional 600 shares in the last quarter. Invesco Ltd. lifted its stake in Origin Bancorp by 1.2% during the first quarter. Invesco Ltd. now owns 57,405 shares of the company’s stock valued at $1,990,000 after buying an additional 657 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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. Finally, Natixis Advisors LLC lifted its stake in Origin Bancorp by 6.9% during the first quarter. Natixis Advisors LLC now owns 13,872 shares of the company’s stock valued at $481,000 after buying an additional 890 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Origin Bancorp

In related news, CEO Drake Mills purchased 800 shares of the stock in a transaction on Monday, October 27th. The shares were bought at an average price of $34.08 per share, for a total transaction of $27,264.00. Following the completion of the acquisition, the chief executive officer directly owned 148,634 shares in the company, valued at approximately $5,065,446.72. This trade represents a 0.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Preston Moore purchased 6,500 shares of the stock in a transaction on Monday, October 27th. The shares were bought at an average price of $34.27 per share, for a total transaction of $222,755.00. Following the acquisition, the insider owned 54,882 shares of the company’s stock, valued at approximately $1,880,806.14. The trade was a 13.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 17,418 shares of company stock valued at $598,245. 6.39% of the stock is owned by company insiders.

Origin Bancorp Stock Performance

NYSE:OBK opened at $34.76 on Friday. The stock has a 50 day moving average price of $35.65. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The firm has a market capitalization of $1.09 billion, a P/E ratio of 18.20 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.62). Origin Bancorp had a return on equity of 5.09% and a net margin of 10.23%.The firm had revenue of $109.83 million during the quarter, compared to analyst estimates of $103.95 million.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 14th. Origin Bancorp’s dividend payout ratio (DPR) is 31.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on OBK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a research note on Wednesday, October 8th. DA Davidson upgraded Origin Bancorp to a “strong-buy” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods increased their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Piper Sandler increased their price objective on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wall Street Zen lowered Origin Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Origin Bancorp currently has an average rating of “Buy” and an average target price of $43.40.

Origin Bancorp Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.