Deprince Race & Zollo Inc. Has $4.49 Million Stock Position in Origin Bancorp, Inc. $OBK

Deprince Race & Zollo Inc. grew its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 83.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,259 shares of the company’s stock after purchasing an additional 49,399 shares during the period. Deprince Race & Zollo Inc.’s holdings in Origin Bancorp were worth $4,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in Origin Bancorp during the 3rd quarter worth approximately $2,964,000. JPMorgan Chase & Co. boosted its holdings in Origin Bancorp by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock worth $6,419,000 after acquiring an additional 24,949 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. acquired a new stake in Origin Bancorp in the third quarter valued at approximately $1,933,000. Vanguard Group Inc. grew its stake in Origin Bancorp by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after acquiring an additional 37,050 shares during the period. Finally, Endeavour Capital Advisors Inc. increased its holdings in shares of Origin Bancorp by 44.3% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 276,308 shares of the company’s stock valued at $10,392,000 after acquiring an additional 84,812 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

Analyst Ratings Changes

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

Origin Bancorp Trading Down 1.2%

OBK opened at $51.37 on Friday. 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, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $52.90. The firm has a market capitalization of $1.59 billion, a PE ratio of 19.91 and a beta of 0.72. The company’s 50-day moving average is $48.09 and its 200 day moving average is $43.87.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $104.04 million during the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. As a group, research analysts predict that Origin Bancorp, Inc. will post 4.03 earnings per share for the current fiscal year.

Origin Bancorp Increases Dividend

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

Origin Bancorp 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.