Royce & Associates LP Decreases Stock Position in Origin Bancorp, Inc. $OBK

Royce & Associates LP cut its position in Origin Bancorp, Inc. (NYSE:OBK) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 898,938 shares of the company’s stock after selling 51,678 shares during the quarter. Royce & Associates LP’s holdings in Origin Bancorp were worth $33,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in shares of Origin Bancorp in the third quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of Origin Bancorp in the fourth quarter valued at $30,000. Tower Research Capital LLC TRC boosted its stake in shares of Origin Bancorp by 232.5% in the second 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 during the period. ProShare Advisors LLC purchased a new position in shares of Origin Bancorp in the fourth quarter valued at $205,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Origin Bancorp by 128.9% in the third quarter. BNP Paribas Financial Markets now owns 6,621 shares of the company’s stock valued at $229,000 after purchasing an additional 3,729 shares during the period. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Origin Bancorp Trading Down 0.0%

NYSE OBK opened at $47.32 on Tuesday. Origin Bancorp, Inc. has a 12 month low of $32.13 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 18.34 and a beta of 0.73. The company’s fifty day moving average price is $44.30 and its two-hundred day moving average price is $41.28.

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

Origin Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 15th. Origin Bancorp’s dividend payout ratio is currently 38.76%.

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.