4,965 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,965 shares of the company’s stock, valued at approximately $160,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Point72 Asset Management L.P. lifted its position in shares of Origin Bancorp by 775.4% in 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 during the period. Creative Planning lifted its position in Origin Bancorp by 14.6% in the second quarter. Creative Planning now owns 28,046 shares of the company’s stock worth $890,000 after purchasing an additional 3,575 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Origin Bancorp by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock worth $362,000 after buying an additional 599 shares in the last quarter. Millennium Management LLC increased its holdings in Origin Bancorp by 92.3% in the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock valued at $3,950,000 after buying an additional 59,763 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Origin Bancorp by 72.7% in the 2nd quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock valued at $710,000 after buying an additional 9,425 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBK has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Stephens restated an “overweight” rating and set a $39.00 target price on shares of Origin Bancorp in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Origin Bancorp Stock Performance

NASDAQ OBK opened at $31.35 on Friday. Origin Bancorp, Inc. has a 1-year low of $26.68 and a 1-year high of $37.56. The company has a 50 day moving average of $32.11 and a 200-day moving average of $31.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a market cap of $976.24 million, a price-to-earnings ratio of 11.97 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The firm had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. During the same period last year, the firm posted $0.69 EPS. On average, equities analysts forecast that Origin Bancorp, Inc. will post 2.61 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.91%. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.90%.

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.