Geode Capital Management LLC Has $21.65 Million Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Geode Capital Management LLC lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 673,189 shares of the company’s stock after purchasing an additional 9,435 shares during the quarter. Geode Capital Management LLC owned 2.16% of Origin Bancorp worth $21,654,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Origin Bancorp by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after buying an additional 102,159 shares in the last quarter. Royce & Associates LP boosted its stake in Origin Bancorp by 7.3% in the third quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after buying an additional 65,844 shares in the last quarter. State Street Corp boosted its stake in Origin Bancorp by 2.0% in the third quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after buying an additional 16,309 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Origin Bancorp by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after buying an additional 3,220 shares in the last quarter. Finally, Stieven Capital Advisors L.P. acquired a new stake in shares of Origin Bancorp during the second quarter valued at about $5,637,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. DA Davidson cut 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. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Stephens lifted their price target 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 equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $36.80.

Origin Bancorp Price Performance

Shares of OBK opened at $32.96 on Friday. 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 current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.56 and a beta of 1.00. The business has a 50-day moving average of $34.06 and a 200-day moving average of $32.76.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data 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 return on equity of 7.36% and a net margin of 12.12%. The company had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. During the same quarter last year, the business earned $0.71 earnings per share. As a group, equities research analysts anticipate that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

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.