Mendon Capital Advisors Corp Purchases 21,157 Shares of Origin Bancorp Inc (NASDAQ:OBNK)

Mendon Capital Advisors Corp raised its position in shares of Origin Bancorp Inc (NASDAQ:OBNK) by 3.9% in the second quarter, Holdings Channel reports. The fund owned 567,162 shares of the company’s stock after buying an additional 21,157 shares during the quarter. Origin Bancorp comprises approximately 2.9% of Mendon Capital Advisors Corp’s investment portfolio, making the stock its 12th biggest holding. Mendon Capital Advisors Corp’s holdings in Origin Bancorp were worth $18,716,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Origin Bancorp in the second quarter valued at about $33,000. Bank of Montreal Can bought a new stake in shares of Origin Bancorp in the second quarter valued at about $53,000. BNP Paribas Arbitrage SA lifted its stake in shares of Origin Bancorp by 673.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,633 shares of the company’s stock valued at $124,000 after buying an additional 3,163 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Origin Bancorp by 49.5% in the second quarter. Acadian Asset Management LLC now owns 3,845 shares of the company’s stock valued at $127,000 after buying an additional 1,273 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Origin Bancorp by 24.6% in the second quarter. JPMorgan Chase & Co. now owns 5,309 shares of the company’s stock valued at $175,000 after buying an additional 1,048 shares during the period. Institutional investors own 49.94% of the company’s stock.

Shares of NASDAQ OBNK traded down $0.03 during mid-day trading on Friday, hitting $35.10. The company had a trading volume of 2,175 shares, compared to its average volume of 64,659. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.10 and a quick ratio of 1.08. The business’s 50-day simple moving average is $32.90 and its 200-day simple moving average is $33.83. Origin Bancorp Inc has a 12 month low of $27.41 and a 12 month high of $40.21. The firm has a market cap of $804.23 million, a P/E ratio of 15.97 and a beta of 0.45.



Origin Bancorp (NASDAQ:OBNK) last released its earnings results on Wednesday, July 24th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.11). Origin Bancorp had a net margin of 20.20% and a return on equity of 9.30%. The company had revenue of $54.15 million during the quarter, compared to the consensus estimate of $55.53 million. As a group, sell-side analysts predict that Origin Bancorp Inc will post 2.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.093 dividend. This represents a $0.37 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, August 15th. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.03. Origin Bancorp’s dividend payout ratio is 16.82%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Origin Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, June 6th. Raymond James cut shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 29th.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as the holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Louisiana, Texas, and Mississippi. It accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.

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Institutional Ownership by Quarter for Origin Bancorp (NASDAQ:OBNK)

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