11,559 Shares in Origin Bancorp, Inc. $OBK Purchased by First National Bank of Omaha

First National Bank of Omaha bought a new position in shares of Origin Bancorp, Inc. (NYSE:OBK) during the 2nd quarter, Holdings Channel reports. The firm bought 11,559 shares of the company’s stock, valued at approximately $591,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at approximately $132,196,000. Deutsche Bank AG acquired a new stake in shares of Origin Bancorp in the 2nd quarter worth approximately $1,557,000. Bank of New York Mellon Corp acquired a new stake in shares of Origin Bancorp in the 2nd quarter worth approximately $18,968,000. GSA Capital Partners LLP purchased a new position in Origin Bancorp in the 2nd quarter valued at approximately $1,517,000. Finally, Revolve Wealth Partners LLC purchased a new position in Origin Bancorp in the 2nd quarter valued at approximately $219,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Trading Down 1.8%

Shares of OBK opened at $52.61 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $52.15 and a 200-day simple moving average of $47.11. Origin Bancorp, Inc. has a 1-year low of $32.13 and a 1-year high of $55.57. The stock has a market cap of $1.62 billion, a price-to-earnings 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 earnings per share (EPS) for the quarter, beating 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. Equities analysts forecast that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the company. Stephens boosted their target price on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. DA Davidson lifted their price target on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Piper Sandler boosted their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings lowered shares of Origin Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently 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 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.