Origin Bancorp, Inc. (NASDAQ:OBK) Stake Boosted by Royce & Associates LP

Royce & Associates LP grew its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 961,892 shares of the company’s stock after purchasing an additional 65,844 shares during the quarter. Royce & Associates LP owned approximately 3.09% of Origin Bancorp worth $30,934,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in Origin Bancorp in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in Origin Bancorp in the 2nd quarter worth approximately $91,000. SG Americas Securities LLC bought a new position in Origin Bancorp in the 3rd quarter worth approximately $160,000. Carl Stuart Investment Advisor Inc. bought a new position in Origin Bancorp in the 2nd quarter worth approximately $201,000. Finally, Tyche Wealth Partners LLC bought a new position in Origin Bancorp in the 2nd quarter worth approximately $202,000. 54.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OBK has been the topic of several research analyst reports. DA Davidson lowered their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Stephens lifted their price target on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Origin Bancorp Stock Performance

OBK opened at $34.89 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 14.36 and a beta of 0.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $32.29 and a 200-day simple moving average of $32.07. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $37.56.

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

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.69%.

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.