Vanguard Group Inc. Purchases 37,050 Shares of Origin Bancorp, Inc. $OBK

Vanguard Group Inc. increased its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,753,530 shares of the company’s stock after purchasing an additional 37,050 shares during the quarter. Vanguard Group Inc. owned 5.66% of Origin Bancorp worth $65,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Origin Bancorp during the third quarter worth about $25,000. State of Alaska Department of Revenue bought a new stake in Origin Bancorp during the third quarter worth about $47,000. Tower Research Capital LLC TRC lifted its position 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 worth $94,000 after purchasing an additional 1,832 shares during the period. BNP Paribas Financial Markets lifted its position in Origin Bancorp by 128.9% during the third quarter. BNP Paribas Financial Markets now owns 6,621 shares of the company’s stock worth $229,000 after purchasing an additional 3,729 shares during the period. Finally, Brevan Howard Capital Management LP bought a new stake in Origin Bancorp during the third quarter worth about $235,000. Institutional investors own 54.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on OBK shares. Stephens boosted their target price on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. DA Davidson set a $49.00 target price on Origin Bancorp in a research note on Friday, January 30th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Finally, Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and one has assigned 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 Performance

Shares of OBK stock opened at $46.20 on Friday. The business’s 50 day simple moving average is $43.52 and its 200 day simple moving average is $40.69. Origin Bancorp, Inc. has a one year low of $32.13 and a one year high of $48.12. The stock has a market capitalization of $1.43 billion, a PE ratio of 17.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NYSE:OBK) last announced its 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 net margin of 13.46% and a return on equity of 6.53%. The company had revenue of $104.04 million during the quarter. As a group, research analysts forecast that Origin Bancorp, Inc. will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 15th. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. This represents a $1.00 annualized dividend and a yield of 2.2%. Origin Bancorp’s dividend payout ratio (DPR) is currently 23.26%.

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.