Harbor Capital Advisors Inc. Sells 1,194 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Harbor Capital Advisors Inc. reduced its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,695 shares of the company’s stock after selling 1,194 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Origin Bancorp were worth $256,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in Origin Bancorp by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock valued at $362,000 after purchasing an additional 599 shares during the period. Fisher Asset Management LLC boosted its stake in shares of 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 purchasing an additional 612 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Origin Bancorp during the third quarter valued at about $30,000. Natixis Advisors LLC raised its stake in Origin Bancorp by 10.2% in the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after buying an additional 1,017 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. lifted its holdings in Origin Bancorp by 2.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 56,353 shares of the company’s stock worth $1,812,000 after buying an additional 1,175 shares during the period. 54.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stephens upped their target price on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods upped 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. DA Davidson lowered their price objective on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. One investment 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 company’s stock. According to MarketBeat, Origin Bancorp presently has a consensus rating of “Buy” and an average target price of $36.80.

Origin Bancorp Trading Up 4.4 %

NASDAQ OBK opened at $34.41 on Wednesday. Origin Bancorp, Inc. has a 12 month low of $27.69 and a 12 month high of $37.56. 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’s fifty day moving average price is $34.44 and its 200-day moving average price is $33.07. The stock has a market cap of $1.07 billion, a P/E ratio of 14.16 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $160.25 million for the quarter, compared to analysts’ expectations 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 company posted $0.71 earnings per share. As a group, equities analysts forecast that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is currently 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.