Y Intercept Hong Kong Ltd Acquires Shares of 19,116 Origin Bancorp, Inc. $OBK

Y Intercept Hong Kong Ltd bought a new position in shares of Origin Bancorp, Inc. (NYSE:OBK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 19,116 shares of the company’s stock, valued at approximately $660,000.

A number of other institutional investors also recently bought and sold shares of OBK. Strs Ohio grew its holdings in shares of Origin Bancorp by 191.2% during the third quarter. Strs Ohio now owns 19,800 shares of the company’s stock worth $683,000 after buying an additional 13,000 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Origin Bancorp during the third quarter valued at approximately $47,000. Tributary Capital Management LLC boosted its holdings in Origin Bancorp by 92.5% in the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after purchasing an additional 379,716 shares during the last quarter. SG Americas Securities LLC raised its holdings in Origin Bancorp by 349.9% in the third quarter. SG Americas Securities LLC now owns 15,194 shares of the company’s stock valued at $524,000 after acquiring an additional 11,817 shares in the last quarter. Finally, CWM LLC increased its holdings in Origin Bancorp by 90.1% in the third quarter. CWM LLC now owns 6,003 shares of the company’s stock valued at $207,000 after buying an additional 2,846 shares during the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Stock Up 3.3%

OBK opened at $44.24 on Tuesday. The firm has a fifty day simple moving average of $39.05. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.43 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $44.88.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The company had revenue of $94.00 million for the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.15 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. Origin Bancorp’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday. Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Piper Sandler upped their price target on shares of Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.80.

About Origin Bancorp

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.