OBK Dividend Yield Pushes Above 2% Monday, June 5, 3:49 PM ET, by Market News Video Staff In trading on Monday, shares of Origin Bancorp Inc (OBK) were yielding above the 2% ...
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Snatch This Bargain Even Cheaper Than Chief Risk Officer Crotwell Did
By Market News Video Staff, Tuesday, May 30, 11:33 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 24, Origin Bancorp Inc's Chief Risk Officer, Jim Crotwell, invested $89,250.00 into 3,000 shares of OBK, for a cost per share of $29.75. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Tuesday, bargain hunters could buy shares of Origin Bancorp Inc (NYSE:OBK) and achieve a cost basis even cheaper than Crotwell, with shares changing hands as low as $29.69 per share. Origin Bancorp Inc shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of OBK shares, versus its 200 day moving average:
Looking at the chart above, OBK's low point in its 52 week range is $25.59 per share, with $47.28 as the 52 week high point — that compares with a last trade of $29.94. By comparison, below is a table showing the prices at which OBK insider buying was recorded over the last six months:
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