Natixis Advisors LLC Buys 1,017 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Natixis Advisors LLC lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 10.2% in the third quarter, HoldingsChannel.com reports. The fund owned 11,024 shares of the company’s stock after acquiring an additional 1,017 shares during the quarter. Natixis Advisors LLC’s holdings in Origin Bancorp were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after acquiring an additional 102,159 shares during the last quarter. Royce & Associates LP raised its position in Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock worth $30,934,000 after purchasing an additional 65,844 shares during the period. Tributary Capital Management LLC raised its position in Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after purchasing an additional 65,266 shares during the period. Stieven Capital Advisors L.P. purchased a new position in Origin Bancorp in the 2nd quarter worth $5,637,000. Finally, Bank of New York Mellon Corp raised its position in Origin Bancorp by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock worth $4,316,000 after purchasing an additional 5,767 shares during the period. 54.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Origin Bancorp Price Performance

Shares of NASDAQ:OBK opened at $34.50 on Friday. The company’s fifty day moving average is $32.80 and its 200 day moving average is $32.27. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $37.56. The stock has a market cap of $1.08 billion, a PE ratio of 14.20 and a beta of 0.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data 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 firm had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the previous year, the firm posted $0.71 EPS. Research analysts anticipate that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s payout ratio is 24.69%.

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.