Origin Bancorp, Inc. (NYSE:OBK) Short Interest Update

Origin Bancorp, Inc. (NYSE:OBK) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 473,105 shares, a growth of 65.2% from the January 29th total of 286,433 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 270,338 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 270,338 shares, the short-interest ratio is currently 1.8 days. Currently, 1.6% of the shares of the stock are short sold.

Origin Bancorp Price Performance

Shares of OBK stock traded down $1.47 during trading hours on Friday, reaching $41.60. The company had a trading volume of 236,018 shares, compared to its average volume of 233,274. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $41.33 and a 200-day moving average of $37.93. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.33 and a beta of 0.77. Origin Bancorp has a 12-month low of $28.80 and a 12-month high of $46.02.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The firm had revenue of $94.00 million for the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Origin Bancorp’s payout ratio is presently 25.00%.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Origin Bancorp in the 4th quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Origin Bancorp during the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in Origin Bancorp in the fourth quarter valued at approximately $30,000. State of Alaska Department of Revenue acquired a new position in Origin Bancorp in the third quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC grew its position in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after acquiring an additional 1,832 shares during the period. 54.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OBK shares. DA Davidson set a $49.00 target price on shares of Origin Bancorp in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.80.

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.