First National Bank of Omaha Purchases New Shares in Origin Bancorp, Inc. $OBK

First National Bank of Omaha acquired a new position in shares of Origin Bancorp, Inc. (NYSE:OBK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,301 shares of the company’s stock, valued at approximately $425,000.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Origin Bancorp during the third quarter valued at about $47,000. Tower Research Capital LLC TRC grew its position in Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after purchasing an additional 1,832 shares in the last quarter. CWM LLC increased its stake in Origin Bancorp by 210.1% in the 2nd quarter. CWM LLC now owns 3,157 shares of the company’s stock valued at $113,000 after buying an additional 2,139 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Origin Bancorp in the 3rd quarter valued at about $262,000. Finally, Jump Financial LLC lifted its position in shares of Origin Bancorp by 23.7% during the 2nd quarter. Jump Financial LLC now owns 7,989 shares of the company’s stock worth $286,000 after buying an additional 1,531 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OBK shares. DA Davidson set a $49.00 target price on Origin Bancorp in a report on Friday, January 30th. Piper Sandler boosted their price objective on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Wall Street Zen raised Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods lifted their target price on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Origin Bancorp Trading Down 0.3%

Shares of Origin Bancorp stock opened at $43.60 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 18.17 and a beta of 0.77. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $46.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $40.91 and its 200 day simple moving average is $37.63.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%. The firm had revenue of $94.00 million during the quarter.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, February 13th. Origin Bancorp’s payout ratio is currently 25.00%.

Origin Bancorp Company 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.