Tributary Capital Management LLC Acquires 110,056 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Tributary Capital Management LLC lifted its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456,480 shares of the company's stock after buying an additional 110,056 shares during the period. Tributary Capital Management LLC owned about 1.46% of Origin Bancorp worth $15,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in Origin Bancorp in the fourth quarter valued at about $219,000. Brooklyn Investment Group acquired a new position in shares of Origin Bancorp during the fourth quarter worth approximately $48,000. JPMorgan Chase & Co. grew its stake in shares of Origin Bancorp by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company's stock valued at $2,347,000 after purchasing an additional 32,619 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Origin Bancorp by 27.6% in the third quarter. Franklin Resources Inc. now owns 71,321 shares of the company's stock valued at $2,302,000 after purchasing an additional 15,405 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company's stock worth $21,654,000 after purchasing an additional 9,435 shares during the last quarter. Institutional investors own 54.68% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on OBK. Raymond James restated a "strong-buy" rating and set a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday. Stephens reissued an "overweight" rating and set a $42.00 price objective on shares of Origin Bancorp in a report on Thursday. DA Davidson cut their target price 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. Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler boosted their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Origin Bancorp presently has a consensus rating of "Buy" and a consensus price target of $41.60.

Origin Bancorp Trading Up 1.8 %

NASDAQ:OBK traded up $0.67 on Friday, reaching $37.73. The company's stock had a trading volume of 376,841 shares, compared to its average volume of 104,786. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The business's 50-day moving average price is $34.54 and its two-hundred day moving average price is $33.30. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $38.76. The firm has a market cap of $1.18 billion, a PE ratio of 15.34 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). The firm had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 6.91% and a net margin of 12.34%. During the same quarter last year, the company posted $0.71 EPS. Equities research analysts anticipate that Origin Bancorp, Inc. will post 2.43 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, February 14th. Origin Bancorp's payout ratio is 24.39%.

About Origin Bancorp

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.