Origin Bancorp, Inc. (NASDAQ:OBNK) Short Interest Update

Origin Bancorp, Inc. (NASDAQ:OBNKGet Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 177,300 shares, a decrease of 20.8% from the March 15th total of 223,900 shares. Based on an average trading volume of 59,900 shares, the short-interest ratio is currently 3.0 days. Currently, 0.8% of the shares of the stock are sold short.

Shares of NASDAQ OBNK traded up $0.87 during midday trading on Tuesday, reaching $41.48. 655 shares of the stock were exchanged, compared to its average volume of 58,170. The firm has a 50 day moving average of $43.19. The stock has a market cap of $985.11 million, a PE ratio of 8.85 and a beta of 0.99. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.64. Origin Bancorp has a twelve month low of $38.17 and a twelve month high of $47.58.

Origin Bancorp (NASDAQ:OBNKGet Rating) last announced its quarterly earnings results on Wednesday, January 26th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.24. The business had revenue of $70.88 million during the quarter, compared to the consensus estimate of $66.15 million. Origin Bancorp had a net margin of 35.72% and a return on equity of 15.62%. During the same quarter last year, the firm earned $0.75 EPS. On average, research analysts predict that Origin Bancorp will post 3.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Monday, February 14th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.25%. Origin Bancorp’s dividend payout ratio is currently 11.33%.

Separately, Zacks Investment Research downgraded shares of Origin Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 2nd.

A number of institutional investors have recently bought and sold shares of OBNK. New York State Teachers Retirement System acquired a new stake in Origin Bancorp in the 3rd quarter valued at approximately $80,000. Royal Bank of Canada increased its holdings in Origin Bancorp by 68.8% in the 3rd quarter. Royal Bank of Canada now owns 2,556 shares of the company’s stock valued at $109,000 after purchasing an additional 1,042 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Origin Bancorp in the 4th quarter valued at approximately $172,000. ProShare Advisors LLC purchased a new position in Origin Bancorp in the 4th quarter valued at approximately $208,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Origin Bancorp in the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors own 54.73% of the company’s stock.

Origin Bancorp Company Profile (Get Rating)

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.

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