Basswood Capital Management L.L.C. Sells 107,410 Shares of Origin Bancorp, Inc. $OBK

Basswood Capital Management L.L.C. decreased its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,730 shares of the company’s stock after selling 107,410 shares during the quarter. Basswood Capital Management L.L.C.’s holdings in Origin Bancorp were worth $12,401,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OBK. Quarry LP bought a new stake in shares of Origin Bancorp in the 3rd quarter valued at about $25,000. Kestra Advisory Services LLC bought a new stake in shares of Origin Bancorp in the 4th quarter valued at about $27,000. International Assets Investment Management LLC bought a new stake in shares of Origin Bancorp in the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC raised its holdings in shares of Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Origin Bancorp in the 4th quarter valued at about $205,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Up 1.4%

NYSE OBK opened at $50.23 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.55 billion, a PE ratio of 19.47 and a beta of 0.73. The company has a 50 day moving average price of $46.35 and a 200 day moving average price of $42.53. Origin Bancorp, Inc. has a 52 week low of $32.13 and a 52 week high of $50.35.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). The firm had revenue of $104.04 million for the quarter. Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%. As a group, sell-side analysts forecast that Origin Bancorp, Inc. will post 4.01 EPS for the current fiscal year.

Origin Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.25 per share. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Origin Bancorp’s dividend payout ratio (DPR) is presently 38.76%.

Wall Street Analyst Weigh In

OBK has been the subject of several recent research reports. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Stephens boosted their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Origin Bancorp has an average rating of “Moderate Buy” and an average price target of $48.50.

About Origin Bancorp

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.