Mendon Capital Advisors Corp Boosts Holdings in Origin Bancorp, Inc. $OBK

Mendon Capital Advisors Corp boosted its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Origin Bancorp accounts for about 3.6% of Mendon Capital Advisors Corp’s holdings, making the stock its 10th biggest position. Mendon Capital Advisors Corp owned 0.67% of Origin Bancorp worth $7,281,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CWM LLC grew its stake in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after acquiring an additional 315 shares in the last quarter. Comerica Bank grew its stake in Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after acquiring an additional 347 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. New York State Common Retirement Fund grew its stake in Origin Bancorp by 7.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,046 shares of the company’s stock worth $314,000 after buying an additional 600 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Origin Bancorp by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company’s stock worth $555,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OBK shares. Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. DA Davidson boosted their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Origin Bancorp currently has an average rating of “Buy” and a consensus price target of $43.20.

Origin Bancorp Trading Down 3.0%

NASDAQ:OBK opened at $37.83 on Wednesday. The company has a fifty day moving average of $37.52 and a 200 day moving average of $35.21. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.38 and a beta of 0.84.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.15 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.6%. Origin Bancorp’s dividend payout ratio is 26.79%.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.