Vanguard Group Inc. Acquires 37,050 Shares of Origin Bancorp, Inc. $OBK

Vanguard Group Inc. grew its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,753,530 shares of the company’s stock after purchasing an additional 37,050 shares during the quarter. Vanguard Group Inc. owned 0.06% of Origin Bancorp worth $65,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OBK. Millennium Management LLC boosted its holdings in shares of Origin Bancorp by 438.9% during the 3rd quarter. Millennium Management LLC now owns 301,217 shares of the company’s stock worth $10,398,000 after buying an additional 245,320 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its holdings in shares of Origin Bancorp by 2,277.7% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock worth $6,610,000 after buying an additional 183,442 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Origin Bancorp by 219.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 179,657 shares of the company’s stock worth $6,202,000 after buying an additional 123,333 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Origin Bancorp during the 3rd quarter worth approximately $2,964,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Origin Bancorp by 221.2% during the 3rd quarter. Two Sigma Investments LP now owns 87,808 shares of the company’s stock worth $3,031,000 after buying an additional 60,472 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Price Performance

Shares of NYSE:OBK opened at $46.20 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $43.52 and its two-hundred day simple moving average is $40.69. Origin Bancorp, Inc. has a 1-year low of $32.13 and a 1-year high of $48.12. The stock has a market cap of $1.43 billion, a PE ratio of 17.91 and a beta of 0.73.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The company had revenue of $104.04 million for the quarter. As a group, analysts forecast that Origin Bancorp, Inc. will post 4.01 EPS for the current fiscal year.

Origin Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.25 per share. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.2%. Origin Bancorp’s dividend payout ratio (DPR) is 23.26%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OBK. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Stephens increased their price target on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday, January 30th. Keefe, Bruyette & Woods increased their price target on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Origin Bancorp presently has a consensus rating of “Moderate Buy” and an average 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.