Brooklyn Investment Group Purchases New Shares in Origin Bancorp, Inc. (NASDAQ:OBK)

Brooklyn Investment Group acquired a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,447 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the period. Franklin Resources Inc. raised its stake in shares of Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock worth $2,302,000 after buying an additional 15,405 shares during the period. Geode Capital Management LLC lifted its position in shares of Origin Bancorp by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after buying an additional 9,435 shares in the last quarter. Barclays PLC increased its holdings in Origin Bancorp by 79.9% in the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Origin Bancorp during the third quarter worth $542,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Origin Bancorp Price Performance

NASDAQ:OBK opened at $35.02 on Monday. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $37.56. The stock has a market cap of $1.09 billion, a PE ratio of 14.41 and a beta of 1.00. 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 stock has a 50 day moving average price of $34.44 and a 200 day moving average price of $33.14.

Origin Bancorp (NASDAQ:OBK) last issued 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 company had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same period last year, the business earned $0.71 earnings per share. Equities research analysts expect that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently declared 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 1.71%. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

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.