Origin Bancorp, Inc. $OBK Stock Sold by Royce & Associates LP

Royce & Associates LP decreased its position in Origin Bancorp, Inc. (TXSE:OBK) by 15.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 560,303 shares of the company’s stock after selling 105,981 shares during the period. Royce & Associates LP’s holdings in Origin Bancorp were worth $29,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OBK. Royal Bank of Canada increased its position in shares of Origin Bancorp by 2.6% in the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock valued at $753,000 after buying an additional 457 shares in the last quarter. Nykredit A S bought a new position in Origin Bancorp during the second quarter worth about $25,000. Allworth Financial LP bought a new position in Origin Bancorp during the second quarter worth about $30,000. Nisa Investment Advisors LLC lifted its holdings in Origin Bancorp by 31.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the company’s stock worth $133,000 after acquiring an additional 616 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Origin Bancorp by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,554 shares of the company’s stock valued at $917,000 after acquiring an additional 689 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

Insider Buying and Selling at Origin Bancorp

In other Origin Bancorp news, insider Jim Crotwell acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $53.58 per share, for a total transaction of $107,160.00. Following the transaction, the insider directly owned 26,475 shares in the company, valued at $1,418,530.50. This represents a 8.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.31% of the stock is currently owned by corporate insiders.

Origin Bancorp Price Performance

The business’s fifty day moving average price is $53.06 and its 200 day moving average price is $48.89. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Origin Bancorp, Inc. has a 12-month low of $32.28 and a 12-month high of $58.00. The firm has a market cap of $1.65 billion, a P/E ratio of 16.89 and a beta of 0.74.

Origin Bancorp (TXSE:OBK) last issued its earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. The firm had revenue of $113.22 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. As a group, analysts anticipate that Origin Bancorp, Inc. will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Origin Bancorp’s payout ratio is 26.99%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OBK shares. Raymond James Financial boosted their target price on Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Benchmark raised shares of Origin Bancorp to a “hold” rating in a research report on Thursday, September 24th. Finally, DA Davidson increased their target price on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

About Origin Bancorp

Origin Bancorp, Inc. is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities. Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.