16,838 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 16,838 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Origin Bancorp during the third quarter worth about $30,000. Quantbot Technologies LP raised its holdings in Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after purchasing an additional 1,187 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Origin Bancorp in the second quarter valued at about $91,000. Finally, SG Americas Securities LLC purchased a new stake in Origin Bancorp in the 3rd quarter valued at approximately $160,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. DA Davidson dropped their price objective on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Stephens raised their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Origin Bancorp Price Performance

OBK stock opened at $36.11 on Monday. The firm has a 50 day moving average of $33.72 and a 200-day moving average of $32.52. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 14.86 and a beta of 1.00. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $37.56.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, equities analysts expect that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.69%.

About Origin Bancorp

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.