Fred Ronnie Myrick Sells 420 Shares of Origin Bancorp Inc (OBNK) Stock
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.
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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