GSA Capital Partners LLP Takes Position in Origin Bancorp, Inc. $OBK

GSA Capital Partners LLP purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 29,660 shares of the company’s stock, valued at approximately $1,517,000. GSA Capital Partners LLP owned about 0.10% of Origin Bancorp at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OBK. Millennium Management LLC lifted its position in Origin Bancorp by 438.9% during the 3rd quarter. Millennium Management LLC now owns 301,217 shares of the company’s stock worth $10,398,000 after acquiring an additional 245,320 shares during the period. Algebris UK Ltd. acquired a new position in Origin Bancorp in the fourth quarter valued at approximately $6,925,000. Nuveen LLC increased its position in shares of Origin Bancorp by 139.2% during the fourth quarter. Nuveen LLC now owns 275,721 shares of the company’s stock valued at $10,370,000 after acquiring an additional 160,469 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Origin Bancorp by 219.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 179,657 shares of the company’s stock worth $6,202,000 after acquiring an additional 123,333 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Origin Bancorp by 17.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock valued at $29,997,000 after acquiring an additional 116,410 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of OBK stock traded down $0.25 during trading hours on Monday, reaching $53.00. 59,524 shares of the company’s stock were exchanged, compared to its average volume of 185,454. The business has a fifty day moving average price of $52.67 and a 200-day moving average price of $47.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. Origin Bancorp, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $55.57. The stock has a market capitalization of $1.64 billion, a P/E ratio of 16.56 and a beta of 0.72.

Origin Bancorp (NYSE:OBK) last issued its earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. Analysts predict that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued 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 is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 31.25%.

Wall Street Analysts Forecast Growth

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

Origin Bancorp 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.