International Assets Investment Management LLC Boosts Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

International Assets Investment Management LLC boosted its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 3,116.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,281 shares of the company's stock after buying an additional 23,526 shares during the quarter. International Assets Investment Management LLC owned approximately 0.08% of Origin Bancorp worth $755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in shares of Origin Bancorp during the first quarter worth about $457,000. Empowered Funds LLC boosted its stake in shares of Origin Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 75,437 shares of the company's stock valued at $2,357,000 after purchasing an additional 5,600 shares during the last quarter. Pitcairn Co. increased its position in shares of Origin Bancorp by 7.8% during the first quarter. Pitcairn Co. now owns 6,685 shares of the company's stock worth $209,000 after buying an additional 485 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Origin Bancorp by 14.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company's stock worth $262,000 after acquiring an additional 1,079 shares in the last quarter. Finally, Tyche Wealth Partners LLC bought a new stake in Origin Bancorp in the second quarter worth approximately $202,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stephens upped their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. DA Davidson dropped their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.20.

Origin Bancorp Stock Up 11.8 %

Shares of NASDAQ:OBK traded up $3.77 during trading on Wednesday, reaching $35.61. 387,948 shares of the stock traded hands, compared to its average volume of 104,563. Origin Bancorp, Inc. has a 52-week low of $27.69 and a 52-week high of $37.56. The stock has a 50-day moving average of $32.10 and a two-hundred day moving average of $31.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $1.11 billion, a P/E ratio of 14.65 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). The company had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.48%. During the same quarter in the prior year, the firm posted $0.71 earnings per share. As a group, sell-side analysts expect that Origin Bancorp, Inc. will post 2.47 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp's payout ratio is 24.69%.

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.