Origin Bancorp, Inc. (NASDAQ:OBK) Shares Bought by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. raised its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,353 shares of the company’s stock after buying an additional 1,175 shares during the quarter. Origin Bancorp accounts for 1.8% of Rosenthal Henry Capital Advisors Inc.’s portfolio, making the stock its 28th largest position. Rosenthal Henry Capital Advisors Inc. owned about 0.18% of Origin Bancorp worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after buying an additional 102,159 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Origin Bancorp by 19.6% during the second quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after buying an additional 65,266 shares in the last quarter. Stieven Capital Advisors L.P. purchased a new stake in Origin Bancorp during the second quarter valued at about $5,637,000. Bank of New York Mellon Corp lifted its stake in Origin Bancorp by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after buying an additional 5,767 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in Origin Bancorp by 11.3% during the second quarter. Great Lakes Advisors LLC now owns 124,989 shares of the company’s stock valued at $3,965,000 after buying an additional 12,737 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK remained flat at $31.39 during mid-day trading on Friday. 59,270 shares of the stock were exchanged, compared to its average volume of 103,601. The business has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $31.78. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56. The stock has a market capitalization of $977.48 million, a P/E ratio of 12.93 and a beta of 0.99. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.48% and a net margin of 12.12%. The firm had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same quarter in the prior year, the company posted $0.71 EPS. Sell-side analysts forecast that Origin Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.91%. Origin Bancorp’s dividend payout ratio is currently 24.69%.

Wall Street Analyst Weigh In

OBK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.75.

Origin Bancorp Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.