Origin Bancorp, Inc. $OBK Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in Origin Bancorp, Inc. (NYSE:OBK) by 4.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 950,616 shares of the company’s stock after selling 47,600 shares during the quarter. Royce & Associates LP’s holdings in Origin Bancorp were worth $32,815,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Origin Bancorp in the third quarter valued at $47,000. Tower Research Capital LLC TRC increased its holdings in shares of Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after acquiring an additional 1,832 shares during the last quarter. CWM LLC raised its position in shares of Origin Bancorp by 90.1% during the 3rd quarter. CWM LLC now owns 6,003 shares of the company’s stock worth $207,000 after acquiring an additional 2,846 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Origin Bancorp during the third quarter worth approximately $262,000. Finally, Jump Financial LLC lifted its stake in Origin Bancorp by 23.7% during the second quarter. Jump Financial LLC now owns 7,989 shares of the company’s stock worth $286,000 after purchasing an additional 1,531 shares during the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Origin Bancorp Trading Down 3.4%

Shares of OBK stock opened at $41.60 on Monday. The company has a market capitalization of $1.29 billion, a P/E ratio of 17.33 and a beta of 0.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $41.33 and its two-hundred day moving average is $37.93. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $46.02.

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

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders 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 dividend yield of 1.4%. Origin Bancorp’s payout ratio is presently 25.00%.

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.