Origin Bancorp, Inc. $OBK is Rhino Investment Partners Inc's 8th Largest Position

Key Points

• Rhino Investment Partners Inc increased its stake in Origin Bancorp by 10.0%, making it the company's 8th largest holding with approximately 1.60% ownership worth $17.3 million.
• Origin Bancorp recently declared a quarterly dividend of $0.15, which results in an annualized dividend of $0.60 and a yield of 1.6%.
• Analysts have upgraded Origin Bancorp's stock rating, with five analysts rating it as a "Buy" and setting a consensus target price of $43.20.

Rhino Investment Partners Inc boosted its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 498,214 shares of the company's stock after acquiring an additional 45,317 shares during the quarter. Origin Bancorp comprises 4.3% of Rhino Investment Partners Inc's holdings, making the stock its 8th largest holding. Rhino Investment Partners Inc owned approximately 1.60% of Origin Bancorp worth $17,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OBK. Nuveen LLC acquired a new stake in Origin Bancorp during the first quarter worth $4,357,000. Deprince Race & Zollo Inc. acquired a new stake in Origin Bancorp during the fourth quarter worth $3,836,000. Argent Advisors Inc. grew its stake in shares of Origin Bancorp by 870.3% in the first quarter. Argent Advisors Inc. now owns 109,767 shares of the company's stock valued at $3,806,000 after buying an additional 98,454 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Origin Bancorp by 12.3% in the first quarter. American Century Companies Inc. now owns 674,593 shares of the company's stock valued at $23,388,000 after buying an additional 73,668 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Origin Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,150,054 shares of the company's stock valued at $38,285,000 after buying an additional 60,272 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OBK shares. DA Davidson lifted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $43.20.

Origin Bancorp Stock Up 1.5%

OBK traded up $0.59 on Tuesday, hitting $38.99. 35,540 shares of the company were exchanged, compared to its average volume of 149,924. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 15.85 and a beta of 0.81. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $36.76 and a two-hundred day moving average price of $35.26.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 15th. Origin Bancorp's payout ratio is 26.79%.

About Origin Bancorp

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.