Origin Bancorp, Inc. $OBK Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 898,938 shares of the company’s stock after selling 51,678 shares during the period. Royce & Associates LP owned 2.90% of Origin Bancorp worth $33,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in Origin Bancorp during the third quarter worth approximately $2,964,000. Endeavour Capital Advisors Inc. increased its position in Origin Bancorp by 2,277.7% during the third quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock worth $6,610,000 after purchasing an additional 183,442 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Origin Bancorp by 15.5% during the third quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock worth $6,419,000 after buying an additional 24,949 shares during the period. Elizabeth Park Capital Advisors Ltd. purchased a new stake in Origin Bancorp during the third quarter worth approximately $1,933,000. Finally, Vanguard Group Inc. grew its stake in Origin Bancorp by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after buying an additional 37,050 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Stephens boosted their price objective on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. DA Davidson set a $49.00 price objective on shares of Origin Bancorp in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Finally, Zacks Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Origin Bancorp presently has an average rating of “Moderate Buy” and an average price target of $48.50.

Origin Bancorp Price Performance

OBK opened at $47.32 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp, Inc. has a 52-week low of $32.13 and a 52-week high of $48.12. The company has a 50 day moving average of $44.30 and a two-hundred day moving average of $41.28. The company has a market cap of $1.46 billion, a P/E ratio of 18.34 and a beta of 0.73.

Origin Bancorp (NYSE:OBK) last announced its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The firm had revenue of $104.04 million during the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. On average, analysts expect that Origin Bancorp, Inc. will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 15th. Origin Bancorp’s payout ratio is currently 38.76%.

Origin Bancorp Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.