Deprince Race & Zollo Inc. Reduces Position in Origin Bancorp, Inc. $OBK

Deprince Race & Zollo Inc. reduced its position in Origin Bancorp, Inc. (NYSE:OBK) by 19.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,163 shares of the company’s stock after selling 17,279 shares during the quarter. Deprince Race & Zollo Inc. owned 0.23% of Origin Bancorp worth $2,491,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in shares of Origin Bancorp by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after acquiring an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Origin Bancorp by 4.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,162 shares of the company’s stock valued at $385,000 after acquiring an additional 460 shares during the last quarter. Invesco Ltd. lifted its position in shares of Origin Bancorp by 1.2% during the first quarter. Invesco Ltd. now owns 57,405 shares of the company’s stock worth $1,990,000 after purchasing an additional 657 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Origin Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock worth $605,000 after purchasing an additional 775 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Origin Bancorp by 23.7% in the second quarter. Jump Financial LLC now owns 7,989 shares of the company’s stock worth $286,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Insider Transactions at Origin Bancorp

In other news, insider Jim Crotwell acquired 3,000 shares of Origin Bancorp stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average price of $34.32 per share, for a total transaction of $102,960.00. Following the purchase, the insider directly owned 24,475 shares in the company, valued at $839,982. The trade was a 13.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Preston Moore bought 6,500 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of $34.27 per share, with a total value of $222,755.00. Following the transaction, the insider directly owned 54,882 shares of the company’s stock, valued at $1,880,806.14. The trade was a 13.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 25,918 shares of company stock worth $893,280. 6.39% of the stock is owned by corporate insiders.

Origin Bancorp Trading Down 0.1%

Shares of NYSE:OBK opened at $38.39 on Monday. The stock has a market cap of $1.19 billion, a P/E ratio of 20.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The firm has a fifty day moving average of $36.25.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.62). Origin Bancorp had a net margin of 10.23% and a return on equity of 5.05%. The company had revenue of $99.62 million for the quarter, compared to the consensus estimate of $103.95 million.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, November 14th. Origin Bancorp’s dividend payout ratio (DPR) is currently 31.41%.

Wall Street Analyst Weigh In

OBK has been the subject of several research reports. DA Davidson began coverage on shares of Origin Bancorp in a research report on Tuesday, November 25th. They issued a “buy” rating and a $42.00 price objective for the company. Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Piper Sandler raised their price objective on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Origin Bancorp in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Origin Bancorp currently has an average rating of “Moderate Buy” and an average target price of $42.80.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.