Basswood Capital Management L.L.C. Reduces Position in Origin Bancorp, Inc. $OBK

Basswood Capital Management L.L.C. cut its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 24.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 329,730 shares of the company’s stock after selling 107,410 shares during the period. Basswood Capital Management L.L.C. owned approximately 1.06% of Origin Bancorp worth $12,401,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of Origin Bancorp during the 4th quarter worth about $27,000. Quarry LP purchased a new position in shares of Origin Bancorp during the 3rd quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in shares of Origin Bancorp during the 4th quarter worth about $30,000. Tower Research Capital LLC TRC boosted its stake in shares of Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after purchasing an additional 1,832 shares during the period. Finally, ProShare Advisors LLC purchased a new position in shares of Origin Bancorp during the 4th quarter worth about $205,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on OBK. Stephens lifted their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.50.

Origin Bancorp Trading Up 1.4%

Shares of OBK opened at $50.23 on Friday. Origin Bancorp, Inc. has a 1-year low of $32.13 and a 1-year high of $50.35. The company has a 50-day moving average of $46.35 and a 200 day moving average of $42.53. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 19.47 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 for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The company had revenue of $104.04 million for the quarter. On average, research analysts expect that Origin Bancorp, Inc. will post 4.01 EPS for the current year.

Origin Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, May 15th. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio (DPR) is 38.76%.

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.