Sterling Capital Management LLC Increases Stake in Origin Bancorp, Inc. $OBK

Sterling Capital Management LLC increased its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 882.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,951 shares of the company’s stock after buying an additional 14,327 shares during the period. Sterling Capital Management LLC owned about 0.05% of Origin Bancorp worth $661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OBK. SG Americas Securities LLC increased its holdings in shares of Origin Bancorp by 21.5% in the 1st quarter. SG Americas Securities LLC now owns 15,613 shares of the company’s stock valued at $647,000 after acquiring an additional 2,765 shares during the last quarter. Diversified Trust Co acquired a new position in Origin Bancorp in the first quarter valued at approximately $313,000. BFI Wealth Solutions LLC acquired a new position in Origin Bancorp in the fourth quarter valued at approximately $214,000. Empowered Funds LLC increased its stake in Origin Bancorp by 4.0% in the fourth quarter. Empowered Funds LLC now owns 131,963 shares of the company’s stock valued at $4,963,000 after purchasing an additional 5,093 shares during the last quarter. Finally, Polymer Capital Management US LLC purchased a new position in Origin Bancorp in the fourth quarter valued at approximately $369,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OBK shares. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens increased their target price 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. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.50.

Origin Bancorp Stock Up 1.5%

Shares of NYSE OBK opened at $51.93 on Thursday. The business has a 50-day moving average price of $47.97 and a 200 day moving average price of $43.78. The stock has a market cap of $1.60 billion, a PE ratio of 20.13 and a beta of 0.72. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp, Inc. has a 52-week low of $32.13 and a 52-week high of $52.31.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS 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 firm had revenue of $104.04 million for the quarter. Equities research analysts forecast that Origin Bancorp, Inc. will post 4.03 earnings per share for the current year.

Origin Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio is presently 38.76%.

Origin Bancorp Company 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.