19,116 Shares in Origin Bancorp, Inc. $OBK Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Origin Bancorp, Inc. (NYSE:OBK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,116 shares of the company’s stock, valued at approximately $660,000. Y Intercept Hong Kong Ltd owned 0.06% of Origin Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Origin Bancorp during the 3rd quarter valued at approximately $47,000. Tower Research Capital LLC TRC increased its stake in Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after acquiring an additional 1,832 shares during the last quarter. CWM LLC raised its position in Origin Bancorp by 210.1% in the second quarter. CWM LLC now owns 3,157 shares of the company’s stock valued at $113,000 after purchasing an additional 2,139 shares during the period. Concurrent Investment Advisors LLC purchased a new position in shares of Origin Bancorp during the 2nd quarter worth $224,000. Finally, Jump Financial LLC grew its holdings in shares of Origin Bancorp by 23.7% during the 2nd quarter. Jump Financial LLC now owns 7,989 shares of the company’s stock worth $286,000 after purchasing an additional 1,531 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OBK has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. DA Davidson set a $49.00 price objective on shares of Origin Bancorp in a report on Friday. Piper Sandler increased their price objective on shares of Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Origin Bancorp Trading Up 3.3%

Shares of NYSE OBK opened at $44.24 on Tuesday. The company has a fifty day moving average of $39.05. 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 firm has a market capitalization of $1.37 billion, a PE ratio of 18.43 and a beta of 0.77. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $44.88.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%. The firm had revenue of $94.00 million for the quarter.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th. Origin Bancorp’s dividend payout ratio is 25.00%.

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.