Raymond James Financial Services Advisors Inc. Takes $246,000 Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Raymond James Financial Services Advisors Inc. bought a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, HoldingsChannel reports. The fund bought 6,907 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds also recently modified their holdings of the business. Carl Stuart Investment Advisor Inc. acquired a new position in shares of Origin Bancorp in the 4th quarter valued at approximately $225,000. SG Americas Securities LLC bought a new position in Origin Bancorp in the fourth quarter valued at approximately $311,000. Raymond James & Associates acquired a new position in shares of Origin Bancorp in the fourth quarter valued at approximately $493,000. Harbor Capital Advisors Inc. bought a new stake in shares of Origin Bancorp during the fourth quarter worth $578,000. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of Origin Bancorp during the fourth quarter worth $2,032,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK opened at $29.68 on Wednesday. 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 stock has a 50 day moving average price of $29.76 and a 200 day moving average price of $31.30. The stock has a market capitalization of $920.38 million, a PE ratio of 10.95 and a beta of 0.96. Origin Bancorp, Inc. has a 52 week low of $25.59 and a 52 week high of $36.91.

Origin Bancorp (NASDAQ:OBK) last released 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). The company had revenue of $81.19 million during the quarter, compared to analyst estimates of $88.20 million. Origin Bancorp had a net margin of 14.40% and a return on equity of 8.50%. Analysts predict that Origin Bancorp, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OBK. Raymond James upped 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. DA Davidson restated a “buy” rating on shares of Origin Bancorp in a report on Monday, January 15th. Finally, TheStreet downgraded shares of Origin Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

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.