Sei Investments Co. raised its holdings in Origin Bancorp, Inc. (NASDAQ:OBNK) by 16.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,676 shares of the company’s stock after buying an additional 5,851 shares during the quarter. Sei Investments Co. owned 0.17% of Origin Bancorp worth $869,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in OBNK. California Public Employees Retirement System boosted its stake in shares of Origin Bancorp by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 49,558 shares of the company’s stock valued at $1,059,000 after purchasing an additional 653 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Origin Bancorp by 76.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,052 shares of the company’s stock valued at $46,000 after purchasing an additional 887 shares during the period. Bank of New York Mellon Corp lifted its position in Origin Bancorp by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 122,867 shares of the company’s stock valued at $2,703,000 after purchasing an additional 1,163 shares during the period. Summit Financial Wealth Advisors LLC lifted its position in Origin Bancorp by 8.3% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 15,667 shares of the company’s stock valued at $360,000 after purchasing an additional 1,200 shares during the period. Finally, Penn Capital Management Co. Inc. increased its stake in shares of Origin Bancorp by 3.2% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 47,034 shares of the company’s stock valued at $1,005,000 after acquiring an additional 1,455 shares during the last quarter. 47.53% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on OBNK. BidaskClub cut Origin Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd. Zacks Investment Research cut shares of Origin Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 6th. TheStreet raised Origin Bancorp from a “d+” rating to a “c-” rating in a report on Wednesday, November 18th. Finally, DA Davidson downgraded Origin Bancorp from a “buy” rating to a “neutral” rating and set a $25.50 price objective for the company. in a report on Tuesday, September 15th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.40.
Shares of NASDAQ OBNK opened at $27.77 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.98 and a current ratio of 1.00. Origin Bancorp, Inc. has a 52 week low of $15.98 and a 52 week high of $38.00. The stock has a market capitalization of $652.79 million, a P/E ratio of 20.57 and a beta of 1.13. The stock’s fifty day moving average is $27.18 and its 200 day moving average is $23.65.
Origin Bancorp (NASDAQ:OBNK) last released its earnings results on Wednesday, October 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05. Origin Bancorp had a return on equity of 5.17% and a net margin of 11.06%. The firm had revenue of $68.67 million for the quarter, compared to analysts’ expectations of $65.24 million. Equities research analysts forecast that Origin Bancorp, Inc. will post 1.44 earnings per share for the current year.
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, 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.
Featured Article: Does a trade war provide a risk to the global economy?
Want to see what other hedge funds are holding OBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Origin Bancorp, Inc. (NASDAQ:OBNK).
Receive News & Ratings for Origin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.