Tributary Capital Management LLC Has $13.83 Million Holdings in Origin Bancorp, Inc. $OBK

Key Points

• Tributary Capital Management reduced its stake in Origin Bancorp by 6.9% in Q4, selling 27,350 shares and ending the period with 367,767 shares worth $13.83 million (about 1.19% ownership).
• Origin Bancorp beat expectations with Q4 EPS of $0.95 versus $0.88 on $94.0 million in revenue, and recently paid a $0.15 quarterly dividend ($0.60 annualized, 1.3% yield, 25% payout ratio).
• Analyst sentiment is improving (four Buys, one Hold) with an average price target of $46.67; the stock trades near its 52-week high (opened at $45.89) and the company has a ~$1.42 billion market cap.

Tributary Capital Management LLC lessened its position in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,767 shares of the company's stock after selling 27,350 shares during the period. Tributary Capital Management LLC owned 1.19% of Origin Bancorp worth $13,832,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Origin Bancorp during the third quarter worth $25,000. State of Alaska Department of Revenue bought a new position in Origin Bancorp during the third quarter worth $47,000. Tower Research Capital LLC TRC raised its stake in Origin Bancorp by 232.5% during the second 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. CWM LLC raised its stake in Origin Bancorp by 90.1% during the third quarter. CWM LLC now owns 6,003 shares of the company's stock worth $207,000 after buying an additional 2,846 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Origin Bancorp by 128.9% during the third quarter. BNP Paribas Financial Markets now owns 6,621 shares of the company's stock worth $229,000 after buying an additional 3,729 shares during the last quarter. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Trading Up 2.5%

OBK opened at $45.89 on Friday. Origin Bancorp, Inc. has a 1-year low of $29.77 and a 1-year high of $46.64. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.42 billion, a P/E ratio of 19.12 and a beta of 0.68. The company has a fifty day moving average price of $42.49 and a two-hundred day moving average price of $39.16.

Origin Bancorp (NYSE:OBK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%. The firm had revenue of $94.00 million during the quarter.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Origin Bancorp's payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OBK. Zacks Research raised shares of Origin Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. DA Davidson set a $49.00 target price on shares of Origin Bancorp in a research note on Friday, January 30th. Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, February 2nd. Finally, Weiss Ratings raised shares of Origin Bancorp from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Origin Bancorp presently has an average rating of "Moderate Buy" and an average price target of $46.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.