Royce & Associates LP Has $30.93 Million Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Royce & Associates LP increased its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 961,892 shares of the company’s stock after acquiring an additional 65,844 shares during the period. Royce & Associates LP’s holdings in Origin Bancorp were worth $30,934,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of OBK. Pitcairn Co. raised its position in Origin Bancorp by 7.8% in the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock worth $209,000 after purchasing an additional 485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Origin Bancorp by 14.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock worth $262,000 after purchasing an additional 1,079 shares during the last quarter. Tyche Wealth Partners LLC bought a new stake in shares of Origin Bancorp during the 2nd quarter valued at $202,000. Tributary Capital Management LLC raised its position in shares of Origin Bancorp by 19.6% during the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after acquiring an additional 65,266 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Origin Bancorp by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after acquiring an additional 5,767 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Analyst Upgrades and Downgrades

OBK has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Stephens upped their target price on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, DA Davidson dropped their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.20.

Origin Bancorp Price Performance

Shares of OBK stock opened at $34.89 on Friday. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $37.56. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.36 and a beta of 0.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $32.29 and a 200-day moving average of $32.07.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The firm had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period last year, the firm earned $0.71 EPS. On average, equities research analysts forecast that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

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.