Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Cornerstone Capital Inc.

Cornerstone Capital Inc. cut its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,516 shares of the company’s stock after selling 3,000 shares during the period. Cornerstone Capital Inc.’s holdings in Origin Bancorp were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OBK. nVerses Capital LLC acquired a new stake in shares of Origin Bancorp during the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Origin Bancorp during the second quarter valued at $91,000. SG Americas Securities LLC purchased a new stake in shares of Origin Bancorp in the third quarter worth approximately $160,000. Carl Stuart Investment Advisor Inc. purchased a new position in Origin Bancorp during the second quarter valued at approximately $201,000. Finally, Tyche Wealth Partners LLC purchased a new stake in Origin Bancorp in the 2nd quarter worth approximately $202,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens raised 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. One 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.75.

Origin Bancorp Stock Up 1.7 %

Shares of OBK stock traded up $0.53 on Tuesday, hitting $31.65. The company’s stock had a trading volume of 4,583 shares, compared to its average volume of 102,922. The stock has a market capitalization of $985.58 million, a price-to-earnings ratio of 12.81 and a beta of 0.98. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The firm’s fifty day moving average price is $32.06 and its 200-day moving average price is $31.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.48% and a net margin of 12.12%. The company had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. During the same quarter last year, the company posted $0.71 EPS. Research analysts anticipate that Origin Bancorp, Inc. will post 2.52 EPS for the current year.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.90%. Origin Bancorp’s payout ratio is 24.69%.

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.