Victory Capital Management Inc. Increases Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

Victory Capital Management Inc. raised its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 11.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 38,800 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Victory Capital Management Inc.’s holdings in Origin Bancorp were worth $1,248,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Stieven Capital Advisors L.P. acquired a new stake in shares of Origin Bancorp in the 2nd quarter worth $5,637,000. Dimensional Fund Advisors LP raised its stake in Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after purchasing an additional 102,159 shares during the period. Tributary Capital Management LLC boosted its holdings in Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after purchasing an additional 65,266 shares during the last quarter. Millennium Management LLC boosted its holdings in Origin Bancorp by 92.3% in the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock valued at $3,950,000 after purchasing an additional 59,763 shares during the last quarter. Finally, Argent Advisors Inc. grew 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 valued at $2,626,000 after buying an additional 59,197 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stephens upped their price objective on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson decreased their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.20.

Origin Bancorp Stock Down 1.0 %

Origin Bancorp stock opened at $34.87 on Wednesday. The company has a market capitalization of $1.09 billion, a PE ratio of 14.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The firm has a 50 day moving average price of $32.76 and a 200 day moving average price of $32.24.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The firm had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the prior year, the firm posted $0.71 EPS. Research analysts expect that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. Origin Bancorp’s dividend payout ratio (DPR) is presently 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.