Endeavour Capital Advisors Inc. Buys 84,812 Shares of Origin Bancorp, Inc. $OBK

Endeavour Capital Advisors Inc. raised its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 44.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,308 shares of the company’s stock after buying an additional 84,812 shares during the period. Origin Bancorp comprises 2.9% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 15th biggest position. Endeavour Capital Advisors Inc. owned about 0.89% of Origin Bancorp worth $10,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP acquired a new stake in Origin Bancorp in the third quarter worth about $25,000. International Assets Investment Management LLC bought a new position in shares of Origin Bancorp during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC grew its position in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares in the last quarter. ProShare Advisors LLC bought a new position in Origin Bancorp in the fourth quarter valued at approximately $205,000. Finally, BNP Paribas Financial Markets increased its holdings in Origin Bancorp by 128.9% during the third quarter. BNP Paribas Financial Markets now owns 6,621 shares of the company’s stock worth $229,000 after buying an additional 3,729 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Price Performance

Shares of NYSE:OBK opened at $47.32 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. The company’s 50-day moving average is $44.30 and its 200 day moving average is $41.28. Origin Bancorp, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $48.12. The company has a market capitalization of $1.46 billion, a P/E ratio of 18.34 and a beta of 0.73.

Origin Bancorp (NYSE:OBK) last issued its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). The firm had revenue of $104.04 million during the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. On average, equities research analysts forecast that Origin Bancorp, Inc. will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is 38.76%.

Wall Street Analyst Weigh In

Several research firms have issued reports on OBK. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. DA Davidson set a $49.00 price objective on shares of Origin Bancorp in a report on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Stephens boosted their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Origin Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $48.50.

Origin Bancorp Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.