CEO Mills Drake buys 1,200 shares at blended $34.06; cluster buy pattern: 8 other insiders bought within 14 days
Mills Drake, Chairman, President and CEO of Origin Bancorp, executed 2 separate purchases totaling 1,200 shares for $40,872.00 at a blended average price of $34.06 on 2025-10-27. His post-transaction holdings reached 148,634 shares. Notably, this open-market purchase occurs amid a cluster pattern: 8 other insiders also bought within the past 14 days, suggesting coordinated accumulation at the executive level. Drake's cross-ticker track record shows 2 prior buys with an average 90-day return of +5.8% and a 100.00% win rate, though his same-ticker measurable history is limited. The current stock price of $34.54 sits 15.6% below the 52-week high of $40.93, placing this purchase in a depressed price context relative to recent range. The presence of multiple insiders buying within a tight window warrants investor attention as a potential signal of internal confidence at current valuations.