Y Intercept Hong Kong Ltd Buys Shares of 16,838 Origin Bancorp, Inc. (NASDAQ:OBK)

Y Intercept Hong Kong Ltd bought a new position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,838 shares of the company's stock, valued at approximately $542,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of Origin Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tributary Capital Management LLC raised its holdings in Origin Bancorp by 19.6% in the second quarter. Tributary Capital Management LLC now owns 398,486 shares of the company's stock valued at $12,640,000 after acquiring an additional 65,266 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Origin Bancorp by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company's stock worth $4,316,000 after purchasing an additional 5,767 shares during the last quarter. Bailard Inc. acquired a new position in shares of Origin Bancorp during the second quarter worth $251,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Origin Bancorp by 49.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,551 shares of the company's stock valued at $271,000 after buying an additional 2,821 shares during the last quarter. Finally, Argent Advisors Inc. lifted its holdings in Origin Bancorp by 251.0% during the 2nd quarter. Argent Advisors Inc. now owns 82,780 shares of the company's stock worth $2,626,000 after buying an additional 59,197 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Stock Performance

OBK traded up $0.53 during trading on Monday, hitting $36.64. 118,265 shares of the stock were exchanged, compared to its average volume of 105,476. 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, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56. The stock has a fifty day moving average price of $33.83 and a two-hundred day moving average price of $32.58. The firm has a market capitalization of $1.14 billion, a P/E ratio of 15.08 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates 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 in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts predict that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid 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 dividend yield of 1.64%. Origin Bancorp's dividend payout ratio (DPR) is 24.69%.

Analyst Ratings Changes

A number of research firms have recently commented on OBK. Keefe, Bruyette & Woods increased their price objective on Origin Bancorp from $37.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. DA Davidson cut their price objective on shares of 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 upped their target price 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.