GSA Capital Partners LLP Makes New Investment in Origin Bancorp, Inc. $OBK

GSA Capital Partners LLP purchased a new position in shares of Origin Bancorp, Inc. (NYSE:OBK) in the 2nd quarter, according to the company in its most recent filing 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 approximately 0.10% of Origin Bancorp as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Origin Bancorp in the 4th quarter valued at approximately $27,000. Quarry LP bought a new stake in Origin Bancorp during the third quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in Origin Bancorp during the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. grew its holdings in Origin Bancorp by 42.7% during 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 during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

OBK has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Stephens lifted their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Origin Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $54.48 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 17.03 and a beta of 0.72. The firm’s 50-day simple moving average is $51.88 and its 200-day simple moving average is $46.86. Origin Bancorp, Inc. has a twelve month low of $32.13 and a twelve month high of $55.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $107.59 million during the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. As a group, research analysts expect that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is 31.25%.

About Origin Bancorp

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.