6,361 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new position in Origin Bancorp, Inc. (NASDAQ:OBK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,361 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds have also modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in shares of Origin Bancorp during the fourth quarter valued at $30,000. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Origin Bancorp during the fourth quarter valued at $225,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Origin Bancorp during the fourth quarter valued at $246,000. Denali Advisors LLC purchased a new position in shares of Origin Bancorp during the fourth quarter valued at $249,000. Finally, Amarillo National Bank purchased a new position in shares of Origin Bancorp during the fourth quarter valued at $251,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Price Performance

NASDAQ OBK opened at $28.24 on Friday. Origin Bancorp, Inc. has a twelve month low of $25.59 and a twelve month 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 stock has a market capitalization of $875.72 million, a PE ratio of 9.97 and a beta of 0.96. The stock has a 50-day simple moving average of $29.81 and a 200 day simple moving average of $31.24.

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

Origin Bancorp Dividend Announcement

The company 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. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.12%. Origin Bancorp’s dividend payout ratio is 22.14%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OBK. TheStreet cut Origin Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. Raymond James boosted their price objective on Origin Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, DA Davidson reissued a “buy” rating on shares of Origin Bancorp in a research report on Monday, January 15th.

About Origin Bancorp

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.