Origin Bancorp, Inc. (NASDAQ:OBK) Position Lessened by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 346,424 shares of the company's stock after selling 52,062 shares during the quarter. Tributary Capital Management LLC owned approximately 1.12% of Origin Bancorp worth $11,141,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in Origin Bancorp in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in Origin Bancorp in the second quarter valued at $91,000. SG Americas Securities LLC acquired a new position in Origin Bancorp in the third quarter valued at $160,000. Carl Stuart Investment Advisor Inc. acquired a new position in Origin Bancorp in the second quarter valued at $201,000. Finally, Tyche Wealth Partners LLC acquired a new position in Origin Bancorp in the second quarter valued at $202,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OBK shares. Stephens raised their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on Origin Bancorp from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Origin Bancorp has a consensus rating of "Moderate Buy" and a consensus target price of $35.75.

Origin Bancorp Stock Up 2.1 %

NASDAQ OBK traded up $0.67 during mid-day trading on Monday, reaching $31.88. 123,391 shares of the company's stock traded hands, compared to its average volume of 104,098. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56. The company has a fifty day simple moving average of $32.10 and a 200-day simple moving average of $31.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a market cap of $992.74 million, a price-to-earnings ratio of 12.00 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last issued its quarterly earnings data 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). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.48%. The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same quarter last year, the business earned $0.71 EPS. As a group, equities research analysts expect that Origin Bancorp, Inc. will post 2.61 EPS for the current year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, November 15th. Origin Bancorp's dividend payout ratio is presently 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.