Drake Mills Increases Stake in Origin Bancorp, Inc.
Origin Bancorp's CEO Drake Mills bought nearly 26,000 shares, signaling confidence in the company.
Key Points
- On June 17, 2026, Origin Bancorp's CEO Drake Mills purchased 25,947 shares, enhancing his position in the company.
- Origin Bancorp, trading at $49.36, has a market cap of $1.53 billion and a P/E ratio of 19.13.
- Analysts have maintained 'buy' ratings with price targets ranging from $48 to $54.
On June 17, 2026, Drake Mills, the Chairman, President, and CEO of Origin Bancorp, Inc. (NYSE: OBK), purchased 25,947 shares of the company. This move reflects a significant boost in his personal stake, underscoring his confidence in the bank's prospects.
Insider Buying and Selling at Origin Bancorp, Inc.
Drake Mills wasn't the only insider trading Origin Bancorp stock. On the same day, he also sold 10,338 shares at an average price of $48.71. Additionally, James Davison Jr. engaged in both buying and selling activity on May 21, 2026, with transactions involving 336,715 shares. William Wallace IV, the CFO, bought 959 shares on May 20, 2026.
Other Institutional Activity in Origin Bancorp
Institutional investors have been active in Origin Bancorp as well. BlackRock, Inc. reduced its holdings by 26,135 shares, leaving it with 2,470,443 shares valued at approximately $102.42 million. In contrast, Dimensional Fund Advisors LP increased its stake by 49,001 shares, now holding 1,425,220 shares worth around $59.09 million. Vanguard Capital Management LLC established a new position with 1,330,233 shares valued at $55.15 million. Silvercrest Asset Management Group LLC and State Street Corp also increased their holdings by 129,481 and 61,732 shares, respectively.
Origin Bancorp Stock Snapshot
Shares of Origin Bancorp are trading at $49.36. The bank has a market capitalization of $1.53 billion and a P/E ratio of 19.13. Its shares have ranged from a 52-week low of $32.13 to a high of $50.35. The stock's 50-day moving average is $46.98, while the 200-day moving average is $40.60.
Recent Earnings
Origin Bancorp reported revenue of $350.4 million, with a growth rate of 9.3%. The company achieved a net margin of 22.97% and a return on equity of 6.6%. The next earnings report is anticipated on July 29, 2026.
Dividend
Origin Bancorp offers an annual dividend rate of $1.00, yielding 2.04%. The dividend payout ratio stands at 23.26%, indicating a balanced approach to returning capital to shareholders.
Analysts Set New Price Targets
Analysts have maintained a positive outlook on Origin Bancorp. On April 24, 2026, Stephens & Co. reaffirmed its 'buy' rating with a $54 price target. Keefe, Bruyette & Woods also maintained a 'buy' rating with a $48 target on February 2, 2026. The consensus among analysts is a 'buy' recommendation, with an average target price of $52, based on five opinions.
About Origin Bancorp
Origin Bancorp, Inc. operates as a bank holding company for Origin Bank, offering a range of banking and financial services. Headquartered in Ruston, Louisiana, the company serves small and medium-sized businesses, municipalities, and retail clients across Texas, Louisiana, Alabama, and Mississippi. Origin Bancorp provides various deposit accounts, loans, insurance products, and banking services, employing around 1,000 people under the leadership of CEO Drake Mills.
Bottom Line
Drake Mills's recent purchase of Origin Bancorp shares highlights his confidence in the company's future. While 13F filings and insider transactions provide valuable insights, they are backward-looking and do not necessarily indicate current positions. Investors often track these activities to gauge insider sentiment and institutional interest.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.