4,965 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,965 shares of the company’s stock, valued at approximately $160,000.

A number of other institutional investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its stake in shares of Origin Bancorp by 775.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 7,003 shares of the company’s stock valued at $222,000 after purchasing an additional 6,203 shares during the period. Creative Planning grew its stake in shares of Origin Bancorp by 14.6% during the second quarter. Creative Planning now owns 28,046 shares of the company’s stock worth $890,000 after purchasing an additional 3,575 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Origin Bancorp by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock valued at $362,000 after purchasing an additional 599 shares during the last quarter. Millennium Management LLC lifted its stake in Origin Bancorp by 92.3% in the second quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock valued at $3,950,000 after buying an additional 59,763 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Origin Bancorp by 72.7% during the second quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock worth $710,000 after buying an additional 9,425 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Origin Bancorp Stock Down 2.4 %

NASDAQ:OBK opened at $31.35 on Friday. 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 stock has a market cap of $976.24 million, a price-to-earnings ratio of 11.97 and a beta of 0.99. The stock has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $31.68.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. The company had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. As a group, equities analysts expect that Origin Bancorp, Inc. will post 2.61 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.91%. Origin Bancorp’s dividend payout ratio is currently 22.90%.

Origin Bancorp 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.