Origin Bancorp, Inc. (NASDAQ:OBK) Shares Acquired by Creative Planning

Creative Planning raised its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,490 shares of the company’s stock after buying an additional 3,444 shares during the period. Creative Planning owned about 0.10% of Origin Bancorp worth $1,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Pitcairn Co. increased its position in shares of Origin Bancorp by 7.8% in the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock valued at $209,000 after purchasing an additional 485 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 worth $362,000 after acquiring an additional 599 shares during the period. nVerses Capital LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at $25,000. Price T Rowe Associates Inc. MD boosted its holdings in Origin Bancorp by 14.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock valued at $262,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Origin Bancorp by 6.4% in the second quarter. Victory Capital Management Inc. now owns 34,800 shares of the company’s stock worth $1,104,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Analyst Upgrades and Downgrades

OBK has been the topic of several research analyst reports. 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. Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Origin Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.75.

Origin Bancorp Stock Down 2.5 %

Shares of Origin Bancorp stock opened at $31.40 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. Origin Bancorp, Inc. has a twelve month low of $27.69 and a twelve month high of $37.56. The stock has a market cap of $977.80 million, a price-to-earnings ratio of 12.92 and a beta of 0.99. The company has a fifty day moving average price of $32.13 and a 200 day moving average price of $31.76.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.48%. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts forecast that Origin Bancorp, Inc. will post 2.61 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s dividend payout ratio is presently 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.