State Street Corp Purchases 16,309 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

State Street Corp increased its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 844,151 shares of the company's stock after purchasing an additional 16,309 shares during the quarter. State Street Corp owned about 2.71% of Origin Bancorp worth $27,148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stieven Capital Advisors L.P. bought a new position in Origin Bancorp in the 2nd quarter valued at $5,637,000. Dimensional Fund Advisors LP boosted its stake in Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company's stock valued at $32,454,000 after buying an additional 102,159 shares during the period. Royce & Associates LP grew its position in Origin Bancorp by 7.3% during the third 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 in the last quarter. Millennium Management LLC increased its stake in Origin Bancorp by 92.3% in the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company's stock worth $3,950,000 after acquiring an additional 59,763 shares during the last quarter. Finally, Argent Advisors Inc. raised its holdings in shares of Origin Bancorp by 251.0% in the 2nd quarter. Argent Advisors Inc. now owns 82,780 shares of the company's stock valued at $2,626,000 after acquiring an additional 59,197 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Trading Up 1.4 %

Shares of OBK traded up $0.45 during mid-day trading on Monday, reaching $33.25. The company's stock had a trading volume of 238,684 shares, compared to its average volume of 108,387. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $37.56. The stock has a market cap of $1.04 billion, a PE ratio of 13.68 and a beta of 1.00. The company's fifty day moving average price is $34.01 and its two-hundred day moving average price is $32.67. 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 (NASDAQ:OBK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, analysts predict that Origin Bancorp, Inc. will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.80%. Origin Bancorp's payout ratio is 24.69%.

Analyst Ratings Changes

Several research analysts have recently commented on OBK shares. Stephens boosted their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. DA Davidson lowered their price objective 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, November 5th. Finally, Raymond James upgraded shares of Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $36.80.

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.