Rhino Investment Partners Inc Sells 46,356 Shares of Origin Bancorp, Inc. $OBK

Rhino Investment Partners Inc lowered its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK) by 10.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 381,309 shares of the company’s stock after selling 46,356 shares during the quarter. Origin Bancorp makes up approximately 4.2% of Rhino Investment Partners Inc’s investment portfolio, making the stock its 11th largest position. Rhino Investment Partners Inc’s holdings in Origin Bancorp were worth $13,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Origin Bancorp in the third quarter worth approximately $47,000. Tower Research Capital LLC TRC increased its holdings in Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after buying an additional 1,832 shares during the last quarter. CWM LLC increased its holdings in Origin Bancorp by 90.1% during the third quarter. CWM LLC now owns 6,003 shares of the company’s stock valued at $207,000 after buying an additional 2,846 shares during the last quarter. BNP Paribas Financial Markets raised its position in Origin Bancorp by 128.9% in the third quarter. BNP Paribas Financial Markets now owns 6,621 shares of the company’s stock worth $229,000 after acquiring an additional 3,729 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in Origin Bancorp in the third quarter worth approximately $262,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

NYSE OBK opened at $40.64 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $46.02. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 16.93 and a beta of 0.76. The company’s 50 day moving average is $41.96 and its two-hundred day moving average is $38.20.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $94.00 million during the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 1.5%. Origin Bancorp’s dividend payout ratio is currently 25.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OBK shares. Zacks Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.80.

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.