Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,021 shares of the company’s stock after selling 398 shares during the period. The Manufacturers Life Insurance Company’s holdings in Origin Bancorp were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Origin Bancorp during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in Origin Bancorp during the 2nd quarter worth approximately $91,000. SG Americas Securities LLC purchased a new stake in shares of Origin Bancorp during the 3rd quarter worth approximately $160,000. Carl Stuart Investment Advisor Inc. purchased a new stake in shares of Origin Bancorp during the 2nd quarter worth approximately $201,000. Finally, Point72 Asset Management L.P. boosted its stake in shares of Origin Bancorp by 775.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 7,003 shares of the company’s stock worth $222,000 after acquiring an additional 6,203 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Price Performance

OBK stock opened at $36.11 on Monday. Origin Bancorp, Inc. has a 1 year low of $27.69 and a 1 year high of $37.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50 day moving average price is $33.72 and its 200 day moving average price is $32.52. The firm has a market cap of $1.13 billion, a P/E ratio of 14.86 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The company had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same period in the previous year, the company posted $0.71 EPS. On average, sell-side analysts expect that Origin Bancorp, Inc. will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.66%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.69%.

Analysts Set New Price Targets

OBK has been the topic of several research analyst reports. DA Davidson decreased their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Stephens boosted their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

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.