Origin Bancorp, Inc. (NASDAQ:OBK) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,800 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Victory Capital Management Inc. owned 0.12% of Origin Bancorp worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of OBK. Price T Rowe Associates Inc. MD grew its holdings in shares of Origin Bancorp by 14.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock valued at $262,000 after buying an additional 1,079 shares during the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of Origin Bancorp in the second quarter worth about $202,000. Tributary Capital Management LLC lifted its holdings in shares of Origin Bancorp by 19.6% during the second quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after purchasing an additional 65,266 shares during the period. Bank of New York Mellon Corp boosted its position in Origin Bancorp by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after buying an additional 5,767 shares during the last quarter. Finally, Bailard Inc. acquired a new position in Origin Bancorp in the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 1.0 %

OBK stock opened at $34.87 on Wednesday. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $37.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $32.76 and its 200 day moving average is $32.24. The firm has a market cap of $1.09 billion, a PE ratio of 14.35 and a beta of 0.98.

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). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same period in the previous year, the company earned $0.71 earnings per share. On average, research analysts forecast that Origin Bancorp, Inc. will post 2.46 EPS for the current year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OBK shares. DA Davidson decreased 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 report on Tuesday, November 5th. Stephens upped their target price on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Origin Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $36.20.

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.