Argent Advisors Inc. Acquires 36,042 Shares of Origin Bancorp, Inc. $OBK

Argent Advisors Inc. boosted its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK) by 196.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,362 shares of the company’s stock after purchasing an additional 36,042 shares during the period. Argent Advisors Inc.’s holdings in Origin Bancorp were worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Origin Bancorp by 438.9% during the 3rd quarter. Millennium Management LLC now owns 301,217 shares of the company’s stock worth $10,398,000 after acquiring an additional 245,320 shares during the last quarter. Algebris UK Ltd. bought a new position in shares of Origin Bancorp in the fourth quarter worth about $6,925,000. Endeavour Capital Advisors Inc. lifted its position in shares of Origin Bancorp by 2,277.7% during the third quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock worth $6,610,000 after purchasing an additional 183,442 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Origin Bancorp by 219.0% during the third quarter. Ameriprise Financial Inc. now owns 179,657 shares of the company’s stock valued at $6,202,000 after purchasing an additional 123,333 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Origin Bancorp by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock valued at $29,997,000 after purchasing an additional 116,410 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 3.2%

OBK opened at $48.05 on Friday. The firm has a 50 day simple moving average of $45.39 and a 200 day simple moving average of $41.97. Origin Bancorp, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $48.65. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 18.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business 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, sell-side analysts anticipate that Origin Bancorp, Inc. will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio is 38.76%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stephens boosted their price objective on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.50.

About Origin Bancorp

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.