Sterling Capital Management LLC Increases Position in Origin Bancorp, Inc. $OBK

Sterling Capital Management LLC lifted its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK) by 882.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,951 shares of the company’s stock after buying an additional 14,327 shares during the period. Sterling Capital Management LLC’s holdings in Origin Bancorp were worth $661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in Origin Bancorp in the 4th quarter valued at about $27,000. Quarry LP acquired a new stake in Origin Bancorp during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Origin Bancorp in the 4th quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 1,832 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Origin Bancorp by 1,476.1% in the fourth quarter. Osaic Holdings Inc. now owns 3,562 shares of the company’s stock valued at $134,000 after purchasing an additional 3,336 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $51.93 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $47.97 and a 200-day simple moving average of $43.78. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 20.13 and a beta of 0.72. Origin Bancorp, Inc. has a 12-month low of $32.13 and a 12-month high of $52.31.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The business had revenue of $104.04 million during the quarter. On average, equities analysts forecast that Origin Bancorp, Inc. will post 4.03 EPS for the current year.

Origin Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s payout ratio is 38.76%.

Analysts Set New Price Targets

A number of research firms recently weighed in on OBK. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens upped their price objective on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.50.

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.