Origin Bancorp, Inc. (NYSE:OBK) Short Interest Update

Origin Bancorp, Inc. (NYSE:OBK) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 570,732 shares, a growth of 32.2% from the March 15th total of 431,569 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 183,373 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Trading of Origin Bancorp

Large investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Origin Bancorp during the third quarter valued at $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter valued at $30,000. State of Alaska Department of Revenue purchased a new stake in shares of Origin Bancorp during the third quarter valued at $47,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares during the period. 54.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on OBK. DA Davidson set a $49.00 price objective on shares of Origin Bancorp in a research note on Friday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Zacks Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Weiss Ratings raised shares of Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

Origin Bancorp Trading Up 2.5%

NYSE OBK traded up $1.14 on Friday, hitting $45.89. 220,317 shares of the stock were exchanged, compared to its average volume of 211,281. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $42.48 and a two-hundred day moving average price of $39.05. The firm has a market capitalization of $1.42 billion, a P/E ratio of 19.12 and a beta of 0.68. Origin Bancorp has a 52-week low of $29.77 and a 52-week high of $46.64.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.88 by $0.07. The company had revenue of $94.00 million during the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, February 13th. Origin Bancorp’s payout ratio is currently 25.00%.

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.