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Tributary Capital Management LLC Sells 30,956 Shares of Origin Bancorp, Inc. $OBK

Origin Bancorp logo with Financial Services background

Tributary Capital Management LLC lessened its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK - Free Report) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,518 shares of the company's stock after selling 30,956 shares during the quarter. Tributary Capital Management LLC owned about 1.32% of Origin Bancorp worth $14,672,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWM LLC boosted its position in shares of Origin Bancorp by 44.8% during the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after acquiring an additional 315 shares during the last quarter. Federated Hermes Inc. bought a new stake in Origin Bancorp in the 1st quarter worth approximately $40,000. Nisa Investment Advisors LLC lifted its position in Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after buying an additional 400 shares during the last quarter. 1492 Capital Management LLC bought a new stake in Origin Bancorp in the 1st quarter worth approximately $208,000. Finally, Strs Ohio bought a new stake in Origin Bancorp in the 1st quarter worth approximately $218,000. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Performance

OBK opened at $34.24 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17. The stock has a market capitalization of $1.07 billion, a PE ratio of 15.29 and a beta of 0.79. The company's 50 day simple moving average is $36.05.

Origin Bancorp (NYSE:OBK - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.62). Origin Bancorp had a net margin of 11.98% and a return on equity of 5.98%.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th. Origin Bancorp's dividend payout ratio is presently 26.79%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OBK. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. DA Davidson raised Origin Bancorp to a "strong-buy" rating in a research note on Monday. Wall Street Zen cut Origin Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Origin Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $43.20.

Check Out Our Latest Stock Analysis on OBK

About Origin Bancorp

(Free Report)

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.

Further Reading

Institutional Ownership by Quarter for Origin Bancorp (NYSE:OBK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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