Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Trust Point Inc.

Trust Point Inc. lowered its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,770 shares of the company’s stock after selling 562 shares during the period. Trust Point Inc.’s holdings in Origin Bancorp were worth $443,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Origin Bancorp during the second quarter worth $91,000. SG Americas Securities LLC bought a new position in shares of Origin Bancorp in the 3rd quarter worth about $160,000. Carl Stuart Investment Advisor Inc. acquired a new position in shares of Origin Bancorp in the 2nd quarter valued at about $201,000. Finally, Tyche Wealth Partners LLC bought a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK opened at $32.58 on Friday. Origin Bancorp, Inc. has a 12-month low of $26.68 and a 12-month high of $37.56. The company has a market cap of $1.01 billion, a PE ratio of 11.91 and a beta of 0.99. The stock has a 50 day simple moving average of $31.98 and a 200-day simple moving average of $31.63. 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 (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. The company had revenue of $164.26 million during the quarter, compared to analyst estimates of $90.70 million. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, equities research analysts forecast that Origin Bancorp, Inc. will post 2.61 EPS for the current year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.84%. Origin Bancorp’s dividend payout ratio (DPR) is 22.90%.

Analyst Ratings Changes

A number of brokerages have commented on OBK. Keefe, Bruyette & Woods lifted their target price on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stephens restated an “overweight” rating and set a $39.00 price objective on shares of Origin Bancorp in a research note on Thursday, July 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

About Origin Bancorp

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.