Endeavour Capital Advisors Inc. boosted its stake in shares of Origin Bancorp, Inc. (NYSE:OBK – Free Report) by 44.3% in the 4th quarter, HoldingsChannel reports. The fund owned 276,308 shares of the company’s stock after buying an additional 84,812 shares during the quarter. Origin Bancorp accounts for 2.9% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 15th biggest position. Endeavour Capital Advisors Inc.’s holdings in Origin Bancorp were worth $10,392,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of OBK. Algebris UK Ltd. purchased a new position in shares of Origin Bancorp during the fourth quarter valued at about $6,925,000. ProShare Advisors LLC purchased a new position in shares of Origin Bancorp in the 4th quarter worth about $205,000. International Assets Investment Management LLC bought a new position in shares of Origin Bancorp in the fourth quarter worth approximately $30,000. Vanguard Group Inc. lifted its position in Origin Bancorp by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after acquiring an additional 37,050 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Origin Bancorp by 5.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 11,741 shares of the company’s stock valued at $442,000 after purchasing an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Stephens boosted their price objective on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Zacks Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, DA Davidson set a $49.00 price objective on Origin Bancorp in a research report on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Origin Bancorp presently has an average rating of “Moderate Buy” and an average target price of $48.50.
Origin Bancorp Stock Down 0.0%
Shares of NYSE:OBK opened at $47.32 on Tuesday. The business has a 50 day simple moving average of $44.30 and a two-hundred day simple moving average of $41.28. The firm has a market capitalization of $1.46 billion, a PE ratio of 18.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a 1 year low of $32.13 and a 1 year high of $48.12.
Origin Bancorp (NYSE:OBK – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business had revenue of $104.04 million during the quarter. Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%. On average, equities analysts predict that Origin Bancorp, Inc. will post 4.01 EPS for the current year.
Origin Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 15th. Origin Bancorp’s payout ratio is currently 38.76%.
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.
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