Nisa Investment Advisors LLC Purchases Shares of 857 Origin Bancorp, Inc. (NASDAQ:OBK)

Nisa Investment Advisors LLC purchased a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 857 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Origin Bancorp during the fourth quarter valued at $483,000. Allworth Financial LP bought a new stake in Origin Bancorp during the fourth quarter worth about $459,000. International Assets Investment Management LLC acquired a new stake in shares of Origin Bancorp during the fourth quarter worth approximately $955,000. Amarillo National Bank bought a new position in shares of Origin Bancorp in the fourth quarter valued at approximately $251,000. Finally, Arizona State Retirement System acquired a new position in shares of Origin Bancorp in the 4th quarter worth approximately $292,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBK has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating on shares of Origin Bancorp in a report on Monday, January 15th. Raymond James lifted their price target on Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, TheStreet lowered shares of Origin Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Origin Bancorp Stock Up 0.0 %

Shares of OBK opened at $29.17 on Tuesday. The firm has a market capitalization of $904.56 million, a price-to-earnings ratio of 10.76 and a beta of 0.96. Origin Bancorp, Inc. has a 52 week low of $25.59 and a 52 week high of $36.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. The business’s fifty day moving average price is $29.75 and its two-hundred day moving average price is $31.29.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $81.19 million during the quarter, compared to the consensus estimate of $88.20 million. Origin Bancorp had a net margin of 14.40% and a return on equity of 8.50%. On average, analysts predict that Origin Bancorp, Inc. will post 2.43 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is 22.14%.

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.