Brandywine Global Investment Management LLC Sells 582 Shares of Origin Bancorp, Inc. (NASDAQ:OBNK)

Posted by on May 28th, 2023

Brandywine Global Investment Management LLC reduced its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,012 shares of the company’s stock after selling 582 shares during the period. Brandywine Global Investment Management LLC owned 0.07% of Origin Bancorp worth $734,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in Origin Bancorp by 59.6% during the first quarter. Lazard Asset Management LLC now owns 967 shares of the company’s stock valued at $40,000 after acquiring an additional 361 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Origin Bancorp during the third quarter valued at approximately $41,000. Quantbot Technologies LP acquired a new stake in Origin Bancorp during the first quarter valued at approximately $42,000. First Horizon Advisors Inc. boosted its holdings in Origin Bancorp by 67.0% during the third quarter. First Horizon Advisors Inc. now owns 1,670 shares of the company’s stock valued at $63,000 after purchasing an additional 670 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Origin Bancorp by 75.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,907 shares of the company’s stock valued at $73,000 after purchasing an additional 821 shares in the last quarter. 47.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OBNK has been the topic of a number of recent research reports. Piper Sandler decreased their price objective on Origin Bancorp from $37.00 to $31.00 in a report on Friday, April 28th. Raymond James reduced their target price on Origin Bancorp from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th.

Insider Activity at Origin Bancorp

In other news, insider Jim Crotwell bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $29.75 per share, with a total value of $89,250.00. Following the transaction, the insider now owns 21,475 shares in the company, valued at $638,881.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 5,200 shares of company stock valued at $152,425. 6.19% of the stock is owned by insiders.

Origin Bancorp Price Performance

Shares of OBNK opened at $29.70 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. Origin Bancorp, Inc. has a 1 year low of $25.59 and a 1 year high of $47.28. The stock has a market cap of $914.20 million, a P/E ratio of 9.25 and a beta of 0.89. The stock’s 50-day moving average price is $30.36 and its two-hundred day moving average price is $35.48.

Origin Bancorp (NASDAQ:OBNK – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). Origin Bancorp had a net margin of 20.47% and a return on equity of 10.45%. The business had revenue of $93.53 million for the quarter, compared to the consensus estimate of $95.65 million. On average, equities analysts predict that Origin Bancorp, Inc. will post 3.07 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, May 12th. Origin Bancorp’s dividend payout ratio (DPR) is presently 18.69%.

About Origin Bancorp

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Origin Bancorp, Inc is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients. The firm’s products and services include lending, deposits, mortgage banking, and insurance. It also offers other banking services such as Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.

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Institutional Ownership by Quarter for Origin Bancorp (NASDAQ:OBNK)

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