Man Group plc Acquires Shares of 44,938 Origin Bancorp, Inc. $OBK

Man Group plc acquired a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,938 shares of the company’s stock, valued at approximately $2,299,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP purchased a new position in Origin Bancorp in the 3rd quarter worth approximately $25,000. Kestra Advisory Services LLC purchased a new position in shares of Origin Bancorp in the fourth quarter worth $27,000. International Assets Investment Management LLC purchased a new stake in Origin Bancorp during the 4th quarter valued at $30,000. Allworth Financial LP bought a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC grew its holdings in Origin Bancorp by 232.5% during 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. 54.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OBK. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Piper Sandler increased their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Finally, DA Davidson increased their price objective on shares of Origin Bancorp from $53.00 to $62.00 and gave the company 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Origin Bancorp Stock Performance

OBK opened at $52.64 on Wednesday. The firm has a market capitalization of $1.62 billion, a PE ratio of 16.45 and a beta of 0.71. The firm’s 50-day moving average price is $52.78 and its 200 day moving average price is $47.64. Origin Bancorp, Inc. has a twelve month low of $32.13 and a twelve month high of $55.57. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings data 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 for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. As a group, sell-side analysts expect that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 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.