Origin Bancorp, Inc. (NASDAQ:OBK) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,419 shares of the company’s stock after purchasing an additional 599 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Origin Bancorp were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OBK. Dimensional Fund Advisors LP boosted its stake in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after purchasing an additional 102,159 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Origin Bancorp in the fourth quarter worth approximately $20,935,000. Tributary Capital Management LLC increased its stake in Origin Bancorp by 19.6% during the second quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after acquiring an additional 65,266 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new stake in Origin Bancorp in the second quarter valued at $5,637,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Origin Bancorp by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after purchasing an additional 5,767 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $33.94 on Friday. The firm’s 50 day moving average price is $31.94 and its 200-day moving average price is $31.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a one year low of $26.68 and a one year high of $37.56. The firm has a market cap of $1.05 billion, a P/E ratio of 12.81 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. The firm had revenue of $164.26 million for the quarter, compared to analyst estimates of $90.70 million. During the same period in the prior year, the business posted $0.69 EPS. As a group, equities research analysts predict that Origin Bancorp, Inc. will post 2.61 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, August 15th. Origin Bancorp’s payout ratio is currently 22.64%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OBK. Keefe, Bruyette & Woods raised their price objective on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stephens reissued an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a research note on Thursday, July 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Origin Bancorp 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.