Origin Bancorp (NASDAQ:OBNK) Shares Up 4%

Origin Bancorp, Inc. (NASDAQ:OBNK)’s stock price shot up 4% during trading on Wednesday . The stock traded as high as $31.19 and last traded at $30.90. 171,076 shares changed hands during trading, an increase of 59% from the average session volume of 107,928 shares. The stock had previously closed at $29.70.

Origin Bancorp Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $951.13 million, a P/E ratio of 9.63 and a beta of 0.89. The stock’s 50 day simple moving average is $29.75 and its 200 day simple moving average is $31.31.

Hedge Funds Weigh In On Origin Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in Origin Bancorp by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,489 shares of the company’s stock worth $216,000 after acquiring an additional 359 shares in the last quarter. Swiss National Bank lifted its position in shares of Origin Bancorp by 0.9% in the 3rd quarter. Swiss National Bank now owns 64,282 shares of the company’s stock worth $1,856,000 after purchasing an additional 600 shares during the period. First National Bank of Omaha lifted its position in shares of Origin Bancorp by 9.7% in the 3rd quarter. First National Bank of Omaha now owns 13,790 shares of the company’s stock worth $398,000 after purchasing an additional 1,224 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Origin Bancorp by 49.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,246 shares of the company’s stock worth $209,000 after purchasing an additional 2,401 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Origin Bancorp by 10.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,700 shares of the company’s stock worth $973,000 after purchasing an additional 3,082 shares during the period. 47.20% of the stock is currently owned by institutional investors.

Origin Bancorp Company Profile

Origin Bancorp, Inc is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients. The firm’s products and services include lending, deposits, mortgage banking, and insurance. It also offers other banking services such as Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.