Endeavour Capital Advisors Inc. Purchases 183,442 Shares of Origin Bancorp, Inc. $OBK

Endeavour Capital Advisors Inc. raised its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 2,277.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,496 shares of the company’s stock after buying an additional 183,442 shares during the period. Origin Bancorp comprises 2.0% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 20th biggest position. Endeavour Capital Advisors Inc. owned about 0.62% of Origin Bancorp worth $6,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tributary Capital Management LLC increased its holdings in Origin Bancorp by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after purchasing an additional 379,716 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock valued at $4,089,000 after purchasing an additional 58,340 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Origin Bancorp in the second quarter valued at approximately $1,911,000. First Trust Advisors LP bought a new stake in Origin Bancorp in the second quarter valued at about $1,897,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Origin Bancorp by 112.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 91,666 shares of the company’s stock valued at $3,276,000 after acquiring an additional 48,566 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on OBK shares. Zacks Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Piper Sandler lifted their price objective on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Wall Street Zen raised Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. DA Davidson set a $49.00 price target on shares of Origin Bancorp in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Origin Bancorp Trading Down 0.2%

Origin Bancorp stock opened at $43.90 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.36 billion, a P/E ratio of 18.29 and a beta of 0.77. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $46.02. The stock has a 50-day simple moving average of $40.82 and a 200 day simple moving average of $37.59.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.88 by $0.07. The firm had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Origin Bancorp’s dividend 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.