Cornerstone Capital Inc. acquired a new position 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 fund acquired 24,516 shares of the company's stock, valued at approximately $872,000. Cornerstone Capital Inc. owned about 0.08% of Origin Bancorp as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of OBK. Vanguard Group Inc. purchased a new position in shares of Origin Bancorp in the 3rd quarter worth approximately $45,900,000. Tributary Capital Management LLC purchased a new position in shares of Origin Bancorp in the 4th quarter worth approximately $11,175,000. Rosenthal Henry Capital Advisors Inc. acquired a new stake in Origin Bancorp in the 4th quarter worth approximately $2,032,000. International Assets Investment Management LLC acquired a new stake in Origin Bancorp in the 4th quarter worth approximately $955,000. Finally, Wakefield Asset Management LLLP acquired a new stake in Origin Bancorp in the 4th quarter worth approximately $875,000. Hedge funds and other institutional investors own 54.68% of the company's stock.
Origin Bancorp Stock Performance
NASDAQ OBK traded up $0.02 on Friday, hitting $30.97. 174,878 shares of the company's stock traded hands, compared to its average volume of 106,565. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. Origin Bancorp, Inc. has a 1-year low of $25.59 and a 1-year high of $36.91. The firm's 50-day moving average price is $29.78 and its two-hundred day moving average price is $31.34. The firm has a market capitalization of $960.38 million, a PE ratio of 11.69 and a beta of 0.96.
Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. The business had revenue of $81.19 million for the quarter, compared to analyst estimates of $88.20 million. As a group, analysts expect that Origin Bancorp, Inc. will post 2.47 EPS for the current year.
Origin Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, May 14th. Origin Bancorp's payout ratio is 22.64%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. TheStreet cut shares of Origin Bancorp from a "b-" rating to a "c+" rating in a research note on Wednesday, March 13th. DA Davidson reiterated a "buy" rating on shares of Origin Bancorp in a research note on Monday, January 15th. Piper Sandler reiterated a "neutral" rating and issued a $32.00 target price (up from $30.00) on shares of Origin Bancorp in a research note on Friday. Finally, Raymond James lifted their target price on shares of Origin Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Origin Bancorp presently has an average rating of "Moderate Buy" and an average price target of $33.33.
Read Our Latest Report on Origin Bancorp
Origin Bancorp Company Profile
(
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, 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.
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