Origin Bancorp (TXSE:OBK) Stock: Insider Jim Crotwell Buys 2,000 Shares

Origin Bancorp, Inc. (TXSE:OBK) insider Jim Crotwell acquired 2,000 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were bought at an average price of $53.58 per share, for a total transaction of $107,160.00. Following the acquisition, the insider owned 26,475 shares in the company, valued at approximately $1,418,530.50. This trade represents a 8.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Origin Bancorp Stock Down 0.5%

Shares of OBK opened at $53.99 on Thursday. 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 company has a 50-day simple moving average of $53.06 and a 200-day simple moving average of $48.76. Origin Bancorp, Inc. has a 52 week low of $32.28 and a 52 week high of $58.00. The firm has a market capitalization of $1.67 billion, a P/E ratio of 16.87 and a beta of 0.74.

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

Origin Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have 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 report on Friday, July 24th. Weiss Ratings raised Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Benchmark raised Origin Bancorp to a “hold” rating in a research report on Thursday, September 24th. Raymond James Financial lifted their price target on shares of Origin Bancorp from $56.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OBK. Focus Advisor Solutions LLC bought a new stake in shares of Origin Bancorp in the 3rd quarter valued at approximately $249,000. Allworth Financial LP raised its holdings in shares of Origin Bancorp by 2,350.8% in the 3rd quarter. Allworth Financial LP now owns 14,484 shares of the company’s stock worth $741,000 after buying an additional 13,893 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Origin Bancorp by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 145,025 shares of the company’s stock worth $7,580,000 after buying an additional 2,762 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Origin Bancorp by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,554 shares of the company’s stock worth $917,000 after buying an additional 689 shares during the period. Finally, Heritage Family Offices LLP bought a new position in shares of Origin Bancorp during the 3rd quarter worth approximately $75,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Company Profile

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.