Man Group plc Buys New Holdings in Origin Bancorp, Inc. $OBK

Man Group plc purchased a new stake in Origin Bancorp, Inc. (NYSE:OBK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,938 shares of the company’s stock, valued at approximately $2,299,000. Man Group plc owned 0.15% of Origin Bancorp at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in Origin Bancorp during the 2nd quarter worth approximately $30,000. Kestra Advisory Services LLC bought a new stake in shares of Origin Bancorp during the 4th quarter valued at $27,000. Quarry LP bought a new position in shares of Origin Bancorp in the third quarter worth $25,000. International Assets Investment Management LLC acquired a new position in Origin Bancorp in the fourth quarter valued at about $30,000. Finally, PNC Financial Services Group Inc. raised its stake in Origin Bancorp by 42.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock valued at $104,000 after purchasing an additional 751 shares in the last quarter. 54.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Piper Sandler raised their target price on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. DA Davidson upped their price objective on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.00.

Origin Bancorp Price Performance

Shares of NYSE OBK opened at $52.64 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.62 billion, a PE ratio of 16.45 and a beta of 0.71. The firm has a fifty day simple moving average of $52.78 and a 200 day simple moving average of $47.64. Origin Bancorp, Inc. has a twelve month low of $32.13 and a twelve month high of $55.57.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, sell-side analysts forecast that Origin Bancorp, Inc. will post 4.13 EPS for the current year.

Origin Bancorp Dividend Announcement

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

Origin Bancorp Company 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.