Origin Bancorp, Inc. (NASDAQ:OBK) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 72.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,392 shares of the company’s stock after buying an additional 9,425 shares during the period. AQR Capital Management LLC owned 0.07% of Origin Bancorp worth $710,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in shares of Origin Bancorp during the fourth quarter worth about $20,935,000. Greenwood Capital Associates LLC acquired a new position in Origin Bancorp in the 4th quarter valued at about $551,000. Fisher Asset Management LLC acquired a new position in shares of Origin Bancorp in the 4th quarter worth approximately $1,552,000. PNC Financial Services Group Inc. purchased a new position in Origin Bancorp during the 4th quarter valued at about $237,000. Finally, Tributary Capital Management LLC grew its stake in shares of Origin Bancorp by 6.1% in the first quarter. Tributary Capital Management LLC now owns 333,220 shares of the company’s stock worth $10,410,000 after acquiring an additional 19,042 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $32.31 on Monday. Origin Bancorp, Inc. has a 1 year low of $26.68 and a 1 year high of $37.56. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.00 billion, a PE ratio of 12.19 and a beta of 0.99. The firm’s fifty day simple moving average is $31.73 and its 200 day simple moving average is $31.57.

Origin Bancorp (NASDAQ:OBK) last issued its earnings results 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 return on equity of 7.94% and a net margin of 13.18%. The business 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 firm posted $0.69 EPS. On average, sell-side analysts anticipate that Origin Bancorp, Inc. will post 2.61 EPS for the current year.

Origin Bancorp Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.86%. Origin Bancorp’s dividend payout ratio (DPR) is currently 22.64%.

Analysts Set New Price Targets

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

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.