Royce & Associates LP Purchases 65,844 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Royce & Associates LP grew its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 961,892 shares of the company's stock after purchasing an additional 65,844 shares during the quarter. Royce & Associates LP owned about 3.09% of Origin Bancorp worth $30,934,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OBK. Pitcairn Co. lifted its stake in Origin Bancorp by 7.8% in the first quarter. Pitcairn Co. now owns 6,685 shares of the company's stock valued at $209,000 after buying an additional 485 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Origin Bancorp by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company's stock valued at $362,000 after acquiring an additional 599 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Origin Bancorp during the 2nd quarter valued at $25,000. Harbor Capital Advisors Inc. lifted its position in shares of Origin Bancorp by 12.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company's stock valued at $286,000 after acquiring an additional 977 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Origin Bancorp by 14.8% during the first 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. Institutional investors own 54.68% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OBK. Keefe, Bruyette & Woods increased their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. DA Davidson cut their target price on Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Stephens boosted their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Origin Bancorp has a consensus rating of "Moderate Buy" and an average target price of $36.20.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK traded down $0.30 during mid-day trading on Friday, reaching $34.53. 77,894 shares of the company's stock were exchanged, compared to its average volume of 104,122. The firm has a 50-day moving average price of $32.34 and a two-hundred day moving average price of $32.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.15 and a beta of 0.98. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $37.56.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The firm had revenue of $160.25 million during the quarter, compared to analysts' expectations of $93.40 million. During the same quarter in the previous year, the company posted $0.71 EPS. Analysts predict that Origin Bancorp, Inc. will post 2.46 EPS for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, November 15th. Origin Bancorp's payout ratio is currently 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.