Rhumbline Advisers Buys 2,480 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Rhumbline Advisers grew its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 45,744 shares of the company’s stock after acquiring an additional 2,480 shares during the quarter. Rhumbline Advisers’ holdings in Origin Bancorp were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of OBK. Natixis Advisors LLC purchased a new stake in Origin Bancorp during the second quarter valued at $317,000. Stieven Capital Advisors L.P. bought a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $5,637,000. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $201,000. nVerses Capital LLC purchased a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $25,000. Finally, Argent Advisors Inc. lifted its stake in shares of Origin Bancorp by 251.0% in the 2nd quarter. Argent Advisors Inc. now owns 82,780 shares of the company’s stock worth $2,626,000 after purchasing an additional 59,197 shares during the period. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Trading Down 3.5 %

Origin Bancorp stock opened at $32.90 on Friday. Origin Bancorp, Inc. has a 12-month low of $26.68 and a 12-month high of $37.56. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.42 and a beta of 0.99. The firm has a 50 day moving average of $32.81 and a 200 day moving average of $31.41. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. The firm had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, research analysts predict that Origin Bancorp, Inc. will post 2.6 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. Origin Bancorp’s dividend payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

A number of analysts have commented on OBK shares. Stephens reaffirmed an “overweight” rating and set a $39.00 target price on shares of Origin Bancorp in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.00.

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.