BlackRock Inc. purchased a new stake in Origin Bancorp Inc (NASDAQ:OBNK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 890,855 shares of the company’s stock, valued at approximately $36,472,000. BlackRock Inc. owned approximately 3.95% of Origin Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new stake in Origin Bancorp in the 2nd quarter valued at $8,782,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Origin Bancorp in the 2nd quarter worth about $6,170,000. Northpointe Capital LLC purchased a new stake in Origin Bancorp in the 2nd quarter worth about $5,574,000. Boston Partners bought a new position in Origin Bancorp in the 2nd quarter worth about $5,044,000. Finally, State of Wisconsin Investment Board bought a new position in Origin Bancorp in the 2nd quarter worth about $3,685,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.
Origin Bancorp stock remained flat at $$37.45 during mid-day trading on Friday. The company’s stock had a trading volume of 70,616 shares, compared to its average volume of 61,590. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. Origin Bancorp Inc has a twelve month low of $27.41 and a twelve month high of $42.31.
Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $49.73 million for the quarter, compared to the consensus estimate of $49.77 million. On average, research analysts predict that Origin Bancorp Inc will post 2.08 EPS for the current year.
OBNK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Origin Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, September 12th. Raymond James dropped their target price on Origin Bancorp from $46.00 to $42.00 and set a “strong-buy” rating for the company in a research report on Friday, October 26th. Finally, Stephens reaffirmed a “buy” rating and issued a $44.00 price target on shares of Origin Bancorp in a research note on Thursday, October 25th.
Origin Bancorp Profile
Origin Bancorp, Inc operates as the 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 Louisiana, Texas, and Mississippi. It offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.
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