Argent Advisors Inc. Trims Stock Holdings in Origin Bancorp, Inc. $OBK

Argent Advisors Inc. decreased its position in Origin Bancorp, Inc. (NYSE:OBK) by 47.7% in the first quarter, Holdings Channel.com reports. The firm owned 28,418 shares of the company’s stock after selling 25,944 shares during the quarter. Argent Advisors Inc.’s holdings in Origin Bancorp were worth $1,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Origin Bancorp in the 4th quarter worth about $27,000. Quarry LP bought a new stake in shares of Origin Bancorp in the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Origin Bancorp in the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its stake in shares of Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after buying an additional 1,832 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Origin Bancorp by 1,476.1% in the 4th quarter. Osaic Holdings Inc. now owns 3,562 shares of the company’s stock worth $134,000 after buying an additional 3,336 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OBK shares. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Stephens increased their target price on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Origin Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $48.50.

Origin Bancorp Price Performance

Shares of OBK opened at $51.93 on Thursday. Origin Bancorp, Inc. has a twelve month low of $32.13 and a twelve month high of $52.31. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.13 and a beta of 0.72. The firm has a 50 day moving average of $47.97 and a 200 day moving average of $43.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The business had revenue of $104.04 million during the quarter. As a group, equities research analysts anticipate that Origin Bancorp, Inc. will post 4.03 earnings per share for the current fiscal year.

Origin Bancorp Increases Dividend

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