Barclays PLC Purchases 34,733 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Barclays PLC raised its position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 79.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,187 shares of the company's stock after purchasing an additional 34,733 shares during the period. Barclays PLC owned 0.25% of Origin Bancorp worth $2,515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Origin Bancorp during the second quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Origin Bancorp in the 3rd quarter worth about $30,000. Quantbot Technologies LP boosted its position in Origin Bancorp by 78.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company's stock valued at $87,000 after acquiring an additional 1,187 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Origin Bancorp during the second quarter valued at approximately $91,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Origin Bancorp in the 3rd quarter worth about $160,000. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Price Performance

NASDAQ:OBK traded up $0.06 on Thursday, reaching $33.59. 54,714 shares of the company's stock traded hands, compared to its average volume of 107,912. The firm has a market cap of $1.05 billion, a PE ratio of 13.82 and a beta of 1.00. The stock has a 50-day simple moving average of $34.06 and a 200-day simple moving average of $32.72. Origin Bancorp, Inc. has a 12 month low of $27.69 and a 12 month high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

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 (EPS) 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 firm had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. During the same period last year, the company earned $0.71 earnings per share. Equities research analysts forecast that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.79%. Origin Bancorp's payout ratio is 24.69%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James raised Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Stephens boosted their target price 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. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, DA Davidson decreased their price target 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. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price 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.