Drake Mills Sells Shares of Origin Bancorp, Inc.
Chairman and CEO Drake Mills sold shares of Origin Bancorp on June 17, 2026.
Key Points
- Drake Mills, CEO of Origin Bancorp, sold shares on June 17, 2026, as part of a transaction involving 25,947 shares.
- Origin Bancorp, Inc. trades at $48.71 with a P/E ratio of 19.13 and a market cap of $1.53 billion.
- Analysts from Stephens & Co. maintain a 'buy' rating with a target price of $54.00.
Drake Mills, the Chairman, President, and CEO of Origin Bancorp, Inc. (NYSE: OBK), sold shares of the company on June 17, 2026. This insider transaction involved 25,947 shares, although the transaction value was reported as zero dollars. Origin Bancorp's shares recently traded at $48.71.
Insider Buying and Selling at Origin Bancorp, Inc.
Drake Mills conducted several transactions on June 17, 2026. He sold 10,338 shares at an average price of $48.71. Additionally, he was involved in a transaction of 25,947 shares with no disclosed value. These transactions were not part of a pre-arranged trading plan. Other insiders like James Davison Jr. and CFO William Wallace IV also engaged in transactions in May 2026.
Other Institutional Activity in Origin Bancorp
Among Origin Bancorp's institutional investors, Dimensional Fund Advisors LP increased its holdings by 49,001 shares, bringing its total to 1,425,220 shares worth about $59.1 million. Silvercrest Asset Management Group LLC added 129,481 shares, ending with 1,130,277 shares valued at approximately $46.9 million. State Street Corp grew its position by 61,732 shares, reaching 984,880 shares worth about $40.8 million.
Origin Bancorp Stock Snapshot
Origin Bancorp, Inc. has a market cap of approximately $1.53 billion. The stock's P/E ratio stands at 19.13, with a forward P/E of 11.61. It has a beta of 0.727, indicating lower volatility compared to the market. Over the past year, the stock's price has ranged from $32.13 to $50.35. Its 50-day moving average is $46.98, and the 200-day moving average is $40.60.
Recent Earnings
In its recent earnings report, Origin Bancorp posted revenue of $350.4 million, reflecting a growth of 9.3%. The company achieved a net margin of 22.97% and a return on equity of 6.60%. The next earnings release is scheduled for July 29, 2026.
Dividend
Origin Bancorp pays an annual dividend rate of $1.00, yielding 2.04% with a dividend payout ratio of 23.26%.
Analysts Set New Price Targets
On April 24, 2026, Stephens & Co. maintained a 'buy' rating on Origin Bancorp with a price target of $54.00. The consensus among analysts is a 'buy' with an average target price of $52.00, based on five opinions.
About Origin Bancorp
Origin Bancorp, Inc. is a bank holding company based in Ruston, Louisiana. It operates through Origin Bank, providing a range of banking and financial services to businesses and individuals in several states, including Texas, Louisiana, Alabama, and Mississippi. The company offers various deposit products, lending services, and financial management solutions. Founded in 1991, Origin Bancorp has approximately 1,000 employees.
Bottom Line
The insider sale by Drake Mills on June 17, 2026, is part of the regular trading activities at Origin Bancorp. Investors often monitor such transactions to gauge insider sentiment. As a reminder, insider transactions are reported after they occur and may not reflect current holdings. Origin Bancorp remains a notable player in the regional banking sector, with steady earnings growth and a consistent dividend payout.
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.