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Origin Bancorp, Inc. (NASDAQ:OBNK) Director Michael Aubrey Jones Acquires 1,000 Shares

kopsource · Jan 31, 2023 18:32

Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) Director Michael Aubrey Jones bought 1,000 shares of the stock in a transaction on Monday, January 30th. The stock was bought at an average price of $37.00 per share, for a total transaction of $37,000.00. Following the completion of the purchase, the director now directly owns 208,793 shares in the company, valued at approximately $7,725,341. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Origin Bancorp Trading Up 1.8 %

Shares of OBNK traded up $0.66 on Tuesday, hitting $37.50. 100,710 shares of the stock traded hands, compared to its average volume of 96,556. Origin Bancorp, Inc. has a 1 year low of $35.36 and a 1 year high of $47.28. The firm has a market capitalization of $1.15 billion, a P/E ratio of 11.36 and a beta of 0.94. The stock's 50 day moving average is $38.06 and its two-hundred day moving average is $40.22. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.72.

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Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Origin Bancorp's dividend payout ratio is presently 18.24%.

Institutional Trading of Origin Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in OBNK. JPMorgan Chase & Co. grew its position in Origin Bancorp by 5.7% during the first quarter. JPMorgan Chase & Co. now owns 115,637 shares of the company's stock valued at $4,890,000 after acquiring an additional 6,234 shares during the period. Bank of Montreal Can acquired a new stake in Origin Bancorp during the 1st quarter worth approximately $298,000. MetLife Investment Management LLC increased its position in Origin Bancorp by 56.6% during the 1st quarter. MetLife Investment Management LLC now owns 11,722 shares of the company's stock worth $496,000 after purchasing an additional 4,235 shares in the last quarter. BlackRock Inc. raised its holdings in Origin Bancorp by 12.6% in the first quarter. BlackRock Inc. now owns 1,883,033 shares of the company's stock valued at $79,634,000 after buying an additional 210,740 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Origin Bancorp by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 294,455 shares of the company's stock valued at $12,453,000 after buying an additional 5,542 shares in the last quarter. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler cut shares of Origin Bancorp from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $46.00 to $41.00 in a research note on Friday.

Origin Bancorp Company Profile

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Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.