26,855 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,855 shares of the company's stock, valued at approximately $955,000. International Assets Investment Management LLC owned about 0.09% of Origin Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carl Stuart Investment Advisor Inc. acquired a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $225,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $246,000. Denali Advisors LLC acquired a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $249,000. Amarillo National Bank acquired a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $251,000. Finally, Arizona State Retirement System acquired a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $292,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock traded up $0.51 during midday trading on Tuesday, hitting $29.68. 77,187 shares of the company were exchanged, compared to its average volume of 109,665. The firm has a 50 day simple moving average of $29.76 and a 200-day simple moving average of $31.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. Origin Bancorp, Inc. has a 52 week low of $25.59 and a 52 week high of $36.91. The firm has a market cap of $920.38 million, a P/E ratio of 10.95 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). Origin Bancorp had a net margin of 14.40% and a return on equity of 8.50%. The business had revenue of $81.19 million during the quarter, compared to the consensus estimate of $88.20 million. Research analysts forecast that Origin Bancorp, Inc. will post 2.43 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were given a $0.15 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.02%. Origin Bancorp's payout ratio is 22.14%.

Wall Street Analyst Weigh In

Several research firms recently commented on OBK. Raymond James raised their target price on Origin Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. TheStreet downgraded Origin Bancorp from a "b-" rating to a "c+" rating in a research report on Wednesday, March 13th. Finally, DA Davidson restated a "buy" rating on shares of Origin Bancorp in a research report on Monday, January 15th.

Origin Bancorp Company 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.