Origin Bancorp, Inc. (NYSE:OBK) Short Interest Update

Origin Bancorp, Inc. (NYSE:OBK) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 483,751 shares, a drop of 15.2% from the March 31st total of 570,732 shares. Based on an average daily volume of 189,136 shares, the short-interest ratio is presently 2.6 days. Currently, 1.6% of the shares of the stock are sold short.

Origin Bancorp Trading Up 1.0%

NYSE OBK traded up $0.48 on Friday, reaching $47.30. 123,013 shares of the company were exchanged, compared to its average volume of 213,028. The business’s fifty day moving average price is $42.89 and its 200 day moving average price is $39.87. The stock has a market capitalization of $1.47 billion, a P/E ratio of 18.33 and a beta of 0.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Origin Bancorp has a fifty-two week low of $32.13 and a fifty-two week high of $48.12.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.58%. The business had revenue of $104.04 million during the quarter. Analysts forecast that Origin Bancorp will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio (DPR) is presently 38.76%.

Institutional Investors Weigh In On Origin Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Origin Bancorp in the 4th quarter valued at $27,000. Quarry LP purchased a new stake in shares of Origin Bancorp in the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in shares of Origin Bancorp in the 4th quarter valued at $30,000. State of Alaska Department of Revenue purchased a new stake in shares of Origin Bancorp in the 3rd quarter valued at $47,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after buying an additional 1,832 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on OBK shares. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Stephens lifted their price target on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. DA Davidson set a $49.00 price target on Origin Bancorp in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Origin Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $48.50.

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.