Natixis Advisors LLC Boosts Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

Natixis Advisors LLC lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,024 shares of the company’s stock after purchasing an additional 1,017 shares during the period. Natixis Advisors LLC’s holdings in Origin Bancorp were worth $355,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after purchasing an additional 102,159 shares during the last quarter. Royce & Associates LP boosted its holdings in Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock worth $30,934,000 after buying an additional 65,844 shares during the period. Tributary Capital Management LLC boosted its holdings in Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after buying an additional 65,266 shares during the period. Stieven Capital Advisors L.P. bought a new position in Origin Bancorp in the 2nd quarter worth approximately $5,637,000. Finally, Bank of New York Mellon Corp boosted its holdings in Origin Bancorp by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock worth $4,316,000 after buying an additional 5,767 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 1.1 %

Shares of NASDAQ:OBK opened at $34.50 on Friday. The firm has a fifty day moving average price of $32.80 and a two-hundred day moving average price of $32.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $37.56. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.20 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 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 the consensus estimate of $93.40 million. During the same period in the previous year, the business earned $0.71 earnings per share. Analysts anticipate that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s payout ratio is 24.69%.

Analyst Ratings Changes

OBK has been the subject of several analyst reports. DA Davidson cut their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stephens raised their price objective on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.20.

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.