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

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

Several other hedge funds have also modified their holdings of the stock. Carl Stuart Investment Advisor Inc. acquired a new position in Origin Bancorp in the 4th quarter worth approximately $225,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Origin Bancorp in the fourth quarter worth $246,000. Denali Advisors LLC purchased a new position in shares of Origin Bancorp during the fourth quarter valued at $249,000. Amarillo National Bank acquired a new position in Origin Bancorp during the fourth quarter valued at $251,000. Finally, Arizona State Retirement System purchased a new stake in Origin Bancorp in the 4th quarter worth about $292,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Price Performance

Shares of OBK opened at $29.17 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $904.56 million, a PE ratio of 10.76 and a beta of 0.96. The firm’s 50 day moving average price is $29.75 and its 200 day moving average price is $31.29. Origin Bancorp, Inc. has a twelve month low of $25.59 and a twelve month high of $36.91.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The business had revenue of $81.19 million for the quarter, compared to analyst estimates of $88.20 million. Origin Bancorp had a return on equity of 8.50% and a net margin of 14.40%. As a group, research analysts expect that Origin Bancorp, Inc. will post 2.43 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.15 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.06%. Origin Bancorp’s dividend payout ratio (DPR) is currently 22.14%.

Analyst Upgrades and Downgrades

OBK has been the topic of several research analyst reports. Raymond James lifted their target price on Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. TheStreet downgraded shares of 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 report on Monday, January 15th.

Origin Bancorp 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.