Origin Bancorp, Inc. (NASDAQ:OBK) Stock Position Increased by Barclays PLC

Barclays PLC boosted its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 79.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,187 shares of the company’s stock after buying an additional 34,733 shares during the quarter. Barclays PLC owned 0.25% of Origin Bancorp worth $2,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OBK. Bank of New York Mellon Corp raised its holdings in Origin Bancorp by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock worth $4,316,000 after buying an additional 5,767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Origin Bancorp by 49.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,551 shares of the company’s stock valued at $271,000 after purchasing an additional 2,821 shares in the last quarter. Argent Advisors Inc. grew its stake in shares of Origin Bancorp by 251.0% in the 2nd quarter. Argent Advisors Inc. now owns 82,780 shares of the company’s stock valued at $2,626,000 after buying an additional 59,197 shares in the last quarter. nVerses Capital LLC bought a new stake in Origin Bancorp in the second quarter worth $25,000. Finally, Carl Stuart Investment Advisor Inc. acquired a new position in shares of Origin Bancorp during the 2nd quarter valued at about $201,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Stock Performance

OBK opened at $33.53 on Thursday. The stock’s 50 day simple moving average is $34.05 and its 200-day simple moving average is $32.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.05 billion, a PE ratio of 13.80 and a beta of 1.00. Origin Bancorp, Inc. has a 1 year low of $27.69 and a 1 year high of $37.56.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same period last year, the firm earned $0.71 EPS. Sell-side analysts forecast that Origin Bancorp, Inc. will post 2.46 EPS for the current 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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio is 24.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OBK shares. Stephens boosted their price objective on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, DA Davidson cut their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $36.80.

Origin Bancorp 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.