Schwab Charles Investment Management Inc. acquired a new stake in Origin Bancorp Inc (NASDAQ:OBNK) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 41,784 shares of the company’s stock, valued at approximately $1,711,000. Schwab Charles Investment Management Inc. owned approximately 0.19% of Origin Bancorp at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $8,782,000. Victory Capital Management Inc. bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $1,535,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $6,170,000. Northpointe Capital LLC bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $5,574,000. Finally, Boston Partners bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $5,044,000. 44.65% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded Origin Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, September 12th.
Shares of OBNK opened at $36.30 on Friday. Origin Bancorp Inc has a 52-week low of $36.10 and a 52-week high of $42.31. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.
Origin Bancorp (NASDAQ:OBNK) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The business had revenue of $47.79 million during the quarter. As a group, equities research analysts predict that Origin Bancorp Inc will post 2.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.0325 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.13 annualized dividend and a dividend yield of 0.36%.
Origin Bancorp Company Profile
Origin Bancorp, Inc operates as the holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Louisiana, Texas, and Mississippi. It offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.
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