Origin Bancorp Inc (NASDAQ:OBNK) insider Fred Ronnie Myrick sold 420 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $37.25, for a total transaction of $15,645.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:OBNK traded down $0.14 on Thursday, hitting $34.34. The company had a trading volume of 780 shares, compared to its average volume of 81,335. Origin Bancorp Inc has a 1-year low of $27.41 and a 1-year high of $42.31. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69.

Origin Bancorp (NASDAQ:OBNK) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Origin Bancorp had a net margin of 20.57% and a return on equity of 9.99%. The firm had revenue of $49.73 million for the quarter, compared to the consensus estimate of $49.77 million. On average, sell-side analysts forecast that Origin Bancorp Inc will post 2.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.13 annualized dividend and a dividend yield of 0.38%.

Several large investors have recently added to or reduced their stakes in OBNK. Strs Ohio acquired a new position in shares of Origin Bancorp in the second quarter valued at $196,000. California Public Employees Retirement System acquired a new position in shares of Origin Bancorp in the second quarter valued at $202,000. CIBC World Markets Inc. acquired a new position in shares of Origin Bancorp in the third quarter valued at $248,000. First Trust Advisors LP acquired a new position in shares of Origin Bancorp in the third quarter valued at $297,000. Finally, Bank of America Corp DE acquired a new position in shares of Origin Bancorp in the second quarter valued at $350,000. Hedge funds and other institutional investors own 45.07% of the company’s stock.

Several research firms have issued reports on OBNK. Stephens reaffirmed a “buy” rating and set a $44.00 price target on shares of Origin Bancorp in a research report on Thursday, October 25th. Zacks Investment Research upgraded shares of Origin Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, September 12th. Finally, Raymond James decreased their price objective on shares of Origin Bancorp from $46.00 to $42.00 and set a “strong-buy” rating on the stock in a report on Friday, October 26th.

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About Origin Bancorp

Origin Bancorp, Inc operates as the 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 Louisiana, Texas, and Mississippi. It offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.

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