Tributary Capital Management LLC Has $15.20 Million Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Tributary Capital Management LLC increased its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 456,480 shares of the company’s stock after purchasing an additional 110,056 shares during the quarter. Tributary Capital Management LLC’s holdings in Origin Bancorp were worth $15,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OBK. Envestnet Asset Management Inc. lifted its stake in shares of Origin Bancorp by 19.6% in the second quarter. Envestnet Asset Management Inc. now owns 60,044 shares of the company’s stock valued at $1,905,000 after buying an additional 9,851 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Origin Bancorp by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after acquiring an additional 102,159 shares during the last quarter. Hsbc Holdings PLC lifted its position in Origin Bancorp by 20.2% in the 2nd quarter. Hsbc Holdings PLC now owns 16,007 shares of the company’s stock valued at $503,000 after acquiring an additional 2,692 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Origin Bancorp by 120.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,650 shares of the company’s stock valued at $814,000 after purchasing an additional 13,996 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Origin Bancorp by 72.7% during the 2nd quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock worth $710,000 after purchasing an additional 9,425 shares in the last quarter. 54.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OBK shares. DA Davidson dropped their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Raymond James reiterated a “strong-buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a report on Friday. Piper Sandler boosted their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a research note on Thursday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $41.60.

Origin Bancorp Stock Performance

NASDAQ OBK opened at $37.73 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $1.18 billion, a PE ratio of 14.37 and a beta of 1.00. Origin Bancorp, Inc. has a 52-week low of $27.69 and a 52-week high of $38.76. The company has a 50-day simple moving average of $34.48 and a 200 day simple moving average of $33.25.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.34% and a return on equity of 6.91%. The firm had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the previous year, the company posted $0.71 EPS. On average, research analysts predict that Origin Bancorp, Inc. will post 2.43 EPS for the current year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. Origin Bancorp’s payout ratio is 24.39%.

About Origin Bancorp

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.