Origin Bancorp Director Cecil W. Jones Buys 3,700 Shares for $199,282 After 52% Rally
Updated
Updated · Yahoo Finance · Aug 19
Origin Bancorp Director Cecil W. Jones Buys 3,700 Shares for $199,282 After 52% Rally
2 articles · Updated · Yahoo Finance · Aug 19
Summary
$199,282 of Origin Bancorp stock was bought by director Cecil W. Jones on Aug. 10, according to an SEC Form 4, at a weighted average price of $53.86 a share.
The purchase lifted Jones' directly held stake 27% to 17,647 shares, a position valued at about $950,114 based on the Aug. 7 market close of $53.84.
That insider buy came after Origin Bancorp shares had returned 52% over the prior year, showing fresh capital committed despite the stock's sharp run-up.
Origin Bancorp, the parent of Origin Bank, has a market value of about $1.7 billion and generated trailing-12-month revenue of $611.3 million with net income of $99.7 million.