Rhumbline Advisers Decreases Stake in Origin Bancorp, Inc. $OBK

Rhumbline Advisers lowered its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,536 shares of the company’s stock after selling 944 shares during the quarter. Rhumbline Advisers owned 0.13% of Origin Bancorp worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisor Resource Council purchased a new stake in shares of Origin Bancorp during the first quarter valued at approximately $377,000. Rafferty Asset Management LLC raised its stake in shares of Origin Bancorp by 59.7% during the 1st quarter. Rafferty Asset Management LLC now owns 24,103 shares of the company’s stock worth $836,000 after purchasing an additional 9,009 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Origin Bancorp by 27.6% during the 1st quarter. Russell Investments Group Ltd. now owns 218,797 shares of the company’s stock worth $7,586,000 after purchasing an additional 47,292 shares during the period. Curi RMB Capital LLC boosted its holdings in shares of Origin Bancorp by 5.0% in the 1st quarter. Curi RMB Capital LLC now owns 210,000 shares of the company’s stock worth $7,281,000 after buying an additional 10,000 shares during the last quarter. Finally, Rhino Investment Partners Inc grew its position in Origin Bancorp by 10.0% during the first quarter. Rhino Investment Partners Inc now owns 498,214 shares of the company’s stock valued at $17,273,000 after buying an additional 45,317 shares during the period. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Stock Down 2.6%

Origin Bancorp stock opened at $35.80 on Friday. The firm has a 50 day simple moving average of $37.23 and a 200 day simple moving average of $35.09. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.55 and a beta of 0.85.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Origin Bancorp’s payout ratio is presently 26.79%.

Analyst Upgrades and Downgrades

Several analysts have commented on OBK shares. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. DA Davidson raised their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $43.20.

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.