Dynamic Technology Lab Private Ltd Purchases Shares of 7,830 Origin Bancorp, Inc. (NASDAQ:OBK)

Dynamic Technology Lab Private Ltd acquired a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,830 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Origin Bancorp by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock worth $362,000 after purchasing an additional 599 shares in the last quarter. Fisher Asset Management LLC increased its stake in Origin Bancorp by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock valued at $1,297,000 after buying an additional 612 shares during the period. nVerses Capital LLC bought a new stake in shares of Origin Bancorp during the 2nd quarter worth about $25,000. Harbor Capital Advisors Inc. lifted its stake in shares of Origin Bancorp by 12.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company’s stock worth $286,000 after acquiring an additional 977 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Origin Bancorp by 10.2% in the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock valued at $355,000 after acquiring an additional 1,017 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OBK shares. DA Davidson decreased their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stephens raised their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Origin Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Origin Bancorp Stock Performance

OBK opened at $34.36 on Monday. 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 firm has a market cap of $1.07 billion, a PE ratio of 14.14 and a beta of 0.98. The business has a fifty day simple moving average of $32.82 and a 200-day simple moving average of $32.26. 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 announced 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). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The firm had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 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.