Origin Bancorp Inc. (OBNK): Why its showing bear behavior?


Origin Bancorp Inc. (NASDAQ:OBNK) changes shares on Tuesday trading session, with a change of -2.52% or -$0.58 shares. The trading starts at $23.00 and closed at $23.04 throughout the day. The trading session low price was $22.24 and day high was $23.10 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 36180.0 while its average volume is 75.45K. In other hand, the OBNK market cap reached to $541.74M. While, its current target price is $25.60.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -3.36% and up 8.98% for month. Its quarterly performance was 12.19% above, while its half year performance is down -37.00%. OBNK yearly performance stood at negative -31.75% and fall -40.64% for year-to-date. Current recommendation for Origin Bancorp Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OBNK EPS (TTM) for 12-month is 1.41. EPS for this year is 3.30%, while for the next year its value is 1.46. Its EPS Q/Q reached -94.60%. It has an EPS of 24.60% up for past five years.

Price (T.Rowe) Associates Inc, Blackrock Inc. and American Century Companies, Inc. are the top three holders in Origin Bancorp Inc. (OBNK) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 2.98 million shares which valued 60.37 million. On Mar 30, 2020, Blackrock Inc. owned 1.41 million shares which valued at 28.51 million. On Mar 30, 2020, American Century Companies, Inc. has a total of 0.94 million shares which valued at 18.95 million. In the end, American Century Companies, Inc. have 3.99% shares outstanding of Origin Bancorp Inc. (OBNK) on Mar 30, 2020. The insider ownership moved to 5.40% and institutional holding shifted to 50.40%.

The company posted an EPS (TTM) of 1.41. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 0.56, while 0.62 EPS posted a year ago period. Analyst Estimated EPS for OBNK published in the report was $0.43 – $0.62 during the same period. Comparing with last year, the average estimated EPS was 0.62 which is higher than 0.21 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OBNK fall -19.39% for period of 200 days. SMA for 50 days was 5.84% which is showing green signal, while SMA-20 was 5.36%. The moving average value for Origin Bancorp Inc. (OBNK) is 24.06 and 21.28 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in OBNK stock. On Mar 11, Brolly Stephen H, Chief Financial Officer, bought 2,000 trading shares at the cost of $24.97, which valued at 49941.0. On Mar 10, Myrick Fred Ronnie, Director, bought 1,000 shares at the cost of $24.10, with total shares of 97,310. On Mar 09, Taylor Steven Lewis, Director, bought 2,000 shares at the cost of 26.40. After this transaction, Taylor Steven Lewis total shares reached to 46,722 which valued at 52800.0.