Origin Bancorp, Inc. (NASDAQ:OBK) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 27.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,321 shares of the company's stock after purchasing an additional 15,405 shares during the quarter. Franklin Resources Inc. owned about 0.23% of Origin Bancorp worth $2,302,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Origin Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company's stock valued at $21,654,000 after purchasing an additional 9,435 shares during the period. Barclays PLC boosted its stake in shares of Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company's stock valued at $2,515,000 after buying an additional 34,733 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Origin Bancorp during the third quarter worth $542,000. XTX Topco Ltd purchased a new position in Origin Bancorp in the third quarter worth $258,000. Finally, Wellington Management Group LLP acquired a new stake in Origin Bancorp in the third quarter valued at $4,187,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

Shares of OBK stock traded down $0.63 on Friday, hitting $32.96. 71,280 shares of the stock traded hands, compared to its average volume of 107,766. The company has a market capitalization of $1.03 billion, a PE ratio of 13.56 and a beta of 1.00. The company's fifty day moving average is $34.06 and its 200 day moving average is $32.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same period last year, the firm posted $0.71 earnings per share. On average, equities research analysts predict that Origin Bancorp, Inc. will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. Origin Bancorp's payout ratio is currently 24.69%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Raymond James upgraded Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th. DA Davidson reduced their target price on Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods raised 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. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $36.80.

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.