UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,867 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,357 shares of the company’s stock after selling 2,867 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Origin Bancorp worth $1,491,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OBK. Dimensional Fund Advisors LP increased its stake in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after purchasing an additional 102,159 shares in the last quarter. Royce & Associates LP increased its position in shares of Origin Bancorp by 7.3% during the third quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock worth $30,934,000 after acquiring an additional 65,844 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after acquiring an additional 65,266 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Origin Bancorp by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after acquiring an additional 3,220 shares in the last quarter. Finally, Stieven Capital Advisors L.P. acquired a new position in Origin Bancorp during the 2nd quarter valued at about $5,637,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Trading Up 1.5 %

Shares of OBK stock opened at $36.64 on Tuesday. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $33.83 and a 200-day moving average of $32.58. The firm has a market cap of $1.14 billion, a P/E ratio of 15.08 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly 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 firm had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same quarter in the previous year, the company posted $0.71 EPS. Sell-side analysts anticipate that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. Origin Bancorp’s dividend payout ratio is 24.69%.

Analyst Ratings Changes

A number of research firms recently commented on OBK. DA Davidson lowered their price target 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. Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Stephens upped their price objective on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Origin Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

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.