Deprince Race & Zollo Inc. Acquires 49,399 Shares of Origin Bancorp, Inc. $OBK

Deprince Race & Zollo Inc. boosted its stake in Origin Bancorp, Inc. (NYSE:OBK) by 83.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,259 shares of the company’s stock after purchasing an additional 49,399 shares during the period. Deprince Race & Zollo Inc. owned about 0.35% of Origin Bancorp worth $4,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in shares of Origin Bancorp by 50.5% in the first quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock valued at $1,354,000 after buying an additional 13,107 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Origin Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock valued at $605,000 after acquiring an additional 775 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Origin Bancorp by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock valued at $22,660,000 after purchasing an additional 20,146 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Origin Bancorp by 49.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock worth $2,491,000 after purchasing an additional 23,906 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Origin Bancorp by 97.9% during the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after purchasing an additional 58,340 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OBK has been the topic of a number of recent analyst reports. 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. Stephens lifted their target price 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. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.50.

Origin Bancorp Trading Down 1.2%

NYSE OBK opened at $51.37 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 19.91 and a beta of 0.72. The business has a 50 day simple moving average of $48.09 and a 200 day simple moving average of $43.87. 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, Inc. has a one year low of $32.13 and a one year high of $52.90.

Origin Bancorp (NYSE:OBK) last issued its quarterly 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 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%. Research analysts expect that Origin Bancorp, Inc. will post 4.03 earnings per share for the current year.

Origin Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio (DPR) is presently 38.76%.

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.