Algebris UK Ltd. Buys New Shares in Origin Bancorp, Inc. $OBK

Algebris UK Ltd. bought a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 184,028 shares of the company’s stock, valued at approximately $6,925,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Origin Bancorp by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after acquiring an additional 37,050 shares during the period. Dimensional Fund Advisors LP raised its holdings in Origin Bancorp by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,359,580 shares of the company’s stock valued at $46,933,000 after acquiring an additional 31,267 shares during the period. Goldman Sachs Group Inc. raised its holdings in Origin Bancorp by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock valued at $22,660,000 after acquiring an additional 20,146 shares during the period. Kennedy Capital Management LLC raised its holdings in Origin Bancorp by 1.2% during the third quarter. Kennedy Capital Management LLC now owns 622,264 shares of the company’s stock valued at $21,481,000 after acquiring an additional 7,250 shares during the period. Finally, Basswood Capital Management L.L.C. raised its holdings in Origin Bancorp by 7.8% during the second quarter. Basswood Capital Management L.L.C. now owns 471,846 shares of the company’s stock valued at $16,864,000 after acquiring an additional 34,101 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Origin Bancorp Trading Up 3.2%

Shares of OBK opened at $47.26 on Thursday. The company’s fifty day moving average is $43.91 and its 200 day moving average is $41.01. Origin Bancorp, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $48.12. The stock has a market capitalization of $1.46 billion, a PE ratio of 18.32 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NYSE:OBK) last announced its quarterly 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). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The business had revenue of $104.04 million during the quarter. Sell-side analysts expect that Origin Bancorp, Inc. will post 4.01 earnings per share for the current fiscal year.

Origin Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 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.