Dynamic Technology Lab Private Ltd Takes Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Dynamic Technology Lab Private Ltd purchased a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,830 shares of the company’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Origin Bancorp during the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in Origin Bancorp during the 2nd quarter worth approximately $91,000. SG Americas Securities LLC acquired a new position in Origin Bancorp during the third quarter valued at approximately $160,000. Carl Stuart Investment Advisor Inc. bought a new stake in Origin Bancorp in the second quarter valued at approximately $201,000. Finally, Tyche Wealth Partners LLC acquired a new stake in Origin Bancorp in the second quarter worth $202,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 0.4 %

Shares of OBK stock opened at $34.36 on Monday. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $32.82 and a 200-day moving average of $32.26. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.14 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The company had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, equities research analysts predict that Origin Bancorp, Inc. will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio is presently 24.69%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OBK. DA Davidson decreased their price target 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. Stephens boosted their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

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.