Franklin Resources Inc. Acquires 15,405 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Franklin Resources Inc. increased its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 27.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 71,321 shares of the company’s stock after buying an additional 15,405 shares during the quarter. Franklin Resources Inc.’s holdings in Origin Bancorp were worth $2,302,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in 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 valued at $4,316,000 after buying an additional 5,767 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Origin Bancorp by 49.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,551 shares of the company’s stock worth $271,000 after acquiring an additional 2,821 shares during the period. nVerses Capital LLC purchased a new stake in Origin Bancorp in the 2nd quarter worth approximately $25,000. Carl Stuart Investment Advisor Inc. bought a new position in Origin Bancorp in the 2nd quarter valued at $201,000. Finally, Stieven Capital Advisors L.P. purchased a new position in shares of Origin Bancorp during the 2nd quarter valued at $5,637,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

Shares of NASDAQ:OBK opened at $33.59 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 13.82 and a beta of 1.00. The business has a fifty day moving average price of $34.06 and a 200-day moving average price of $32.72. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly 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). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The business had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, equities analysts expect that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. DA Davidson dropped their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Stephens lifted their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $36.80.

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.