Origin Bancorp, Inc. $OBK Holdings Decreased by Royce & Associates LP

Royce & Associates LP lowered its stake in Origin Bancorp, Inc. (TXSE:OBK) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,303 shares of the company’s stock after selling 105,981 shares during the quarter. Royce & Associates LP owned about 1.82% of Origin Bancorp worth $29,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Origin Bancorp during the 2nd quarter worth about $132,196,000. Dimensional Fund Advisors LP boosted its holdings in shares of Origin Bancorp by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock valued at $59,089,000 after acquiring an additional 49,001 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Origin Bancorp by 1.1% in the second quarter. Wellington Management Group LLP now owns 518,389 shares of the company’s stock valued at $26,516,000 after acquiring an additional 5,737 shares in the last quarter. Basswood Capital Management L.L.C. acquired a new position in shares of Origin Bancorp during the second quarter valued at approximately $21,391,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Origin Bancorp during the second quarter valued at approximately $18,968,000. Institutional investors own 54.68% of the company’s stock.

Insider Activity

In related news, insider Jim Crotwell bought 2,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was bought at an average cost of $53.58 per share, for a total transaction of $107,160.00. Following the transaction, the insider owned 26,475 shares of the company’s stock, valued at $1,418,530.50. This represents a 8.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.31% of the company’s stock.

Analyst Upgrades and Downgrades

OBK has been the topic of several recent analyst reports. Raymond James Financial boosted their target price on Origin Bancorp from $56.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. DA Davidson increased their price target on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings raised Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Piper Sandler boosted their price objective on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Origin Bancorp Stock Performance

The firm has a fifty day simple moving average of $53.06 and a 200-day simple moving average of $48.89. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.65 billion, a P/E ratio of 16.89 and a beta of 0.74. Origin Bancorp, Inc. has a 1-year low of $32.28 and a 1-year high of $58.00.

Origin Bancorp (TXSE:OBK) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 EPS for the quarter. The business had revenue of $113.22 million during the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. As a group, research analysts predict that Origin Bancorp, Inc. will post 4.11 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Origin Bancorp’s dividend payout ratio (DPR) is 26.99%.

Origin Bancorp Company Profile

Origin Bancorp, Inc. is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities. Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.