First National Bank of Omaha Invests $591,000 in Origin Bancorp, Inc. $OBK

First National Bank of Omaha bought a new position in Origin Bancorp, Inc. (NYSE:OBK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,559 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Origin Bancorp in the 2nd quarter worth about $132,196,000. Vanguard Group Inc. increased its holdings 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Origin Bancorp by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock valued at $59,089,000 after acquiring an additional 49,001 shares in the last quarter. 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 acquiring an additional 10,741 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Origin Bancorp by 17.1% in the fourth 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 in the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

Shares of OBK stock traded down $0.25 during mid-day trading on Monday, hitting $53.00. 59,524 shares of the stock traded hands, compared to its average volume of 185,454. Origin Bancorp, Inc. has a twelve month low of $32.13 and a twelve month 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 firm has a market cap of $1.64 billion, a price-to-earnings ratio of 16.56 and a beta of 0.72. The company’s 50-day simple moving average is $52.67 and its 200-day simple moving average is $47.52.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share 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 firm had revenue of $107.59 million for the quarter. As a group, equities research analysts expect that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. Origin Bancorp’s dividend payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

A number of research firms have commented on OBK. Raymond James Financial reissued an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Piper Sandler upped their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of 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 stock a “buy” rating in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Five equities 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, Origin Bancorp currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Origin Bancorp Profile

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.