Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Trust Point Inc.

Trust Point Inc. lowered its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,770 shares of the company’s stock after selling 562 shares during the period. Trust Point Inc.’s holdings in Origin Bancorp were worth $443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. nVerses Capital LLC acquired a new stake in shares of Origin Bancorp during the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in Origin Bancorp in the 2nd quarter worth about $91,000. SG Americas Securities LLC purchased a new position in Origin Bancorp in the 3rd quarter worth about $160,000. Carl Stuart Investment Advisor Inc. acquired a new stake in Origin Bancorp during the 2nd quarter worth about $201,000. Finally, Tyche Wealth Partners LLC acquired a new position in shares of Origin Bancorp in the second quarter worth about $202,000. 54.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Stephens reissued an “overweight” rating and set a $39.00 target price on shares of Origin Bancorp in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Origin Bancorp Stock Performance

OBK stock opened at $32.58 on Friday. The firm has a 50 day simple moving average of $31.98 and a 200 day simple moving average of $31.63. Origin Bancorp, Inc. has a 52 week low of $26.68 and a 52 week high of $37.56. The stock has a market cap of $1.01 billion, a P/E ratio of 11.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. The company had revenue of $164.26 million during the quarter, compared to analyst estimates of $90.70 million. During the same quarter last year, the business posted $0.69 EPS. Research analysts anticipate that Origin Bancorp, Inc. will post 2.61 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. Origin Bancorp’s dividend payout ratio (DPR) is currently 22.90%.

Origin Bancorp Company Profile

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.