Origin Bancorp, Inc. $OBK Holdings Raised by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 45.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 91,083 shares of the company’s stock after purchasing an additional 28,515 shares during the period. Sei Investments Co.’s holdings in Origin Bancorp were worth $3,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of Origin Bancorp during the third quarter worth $2,964,000. 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 purchasing an additional 37,050 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 49,001 shares in the last quarter. Endeavour Capital Advisors Inc. increased its position in Origin Bancorp by 44.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 276,308 shares of the company’s stock worth $10,392,000 after purchasing an additional 84,812 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Origin Bancorp by 882.2% in the 1st quarter. Sterling Capital Management LLC now owns 15,951 shares of the company’s stock worth $661,000 after purchasing an additional 14,327 shares during the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Trading Down 1.7%

Origin Bancorp stock opened at $53.89 on Friday. Origin Bancorp, Inc. has a one year low of $32.13 and a one year high of $55.57. The company’s fifty day moving average price is $51.10 and its two-hundred day moving average price is $46.31. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.84 and a beta of 0.72.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $107.59 million during the quarter. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%. On average, analysts forecast that Origin Bancorp, Inc. will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

OBK has been the subject of several research reports. Piper Sandler lifted their price target on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Stephens boosted their price target on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. DA Davidson increased their price objective on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Origin Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

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.