Raymond James Financial Services Advisors Inc. Invests $246,000 in Origin Bancorp, Inc. (NASDAQ:OBK)

Raymond James Financial Services Advisors Inc. acquired a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,907 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Origin Bancorp during the fourth quarter valued at approximately $225,000. SG Americas Securities LLC bought a new stake in Origin Bancorp during the fourth quarter worth approximately $311,000. Raymond James & Associates acquired a new stake in Origin Bancorp in the fourth quarter worth approximately $493,000. Harbor Capital Advisors Inc. acquired a new position in shares of Origin Bancorp during the 4th quarter valued at $578,000. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Origin Bancorp during the 4th quarter valued at $2,032,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 1.7 %

Shares of OBK opened at $29.68 on Wednesday. The business’s 50-day moving average price is $29.76 and its 200 day moving average price is $31.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $920.38 million, a P/E ratio of 10.95 and a beta of 0.96. Origin Bancorp, Inc. has a 1-year low of $25.59 and a 1-year high of $36.91.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). Origin Bancorp had a return on equity of 8.50% and a net margin of 14.40%. The firm had revenue of $81.19 million during the quarter, compared to analyst estimates of $88.20 million. Analysts expect that Origin Bancorp, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OBK shares. Raymond James boosted their price target on shares of Origin Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. TheStreet lowered shares of Origin Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, DA Davidson restated a “buy” rating on shares of Origin Bancorp in a research report on Monday, January 15th.

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.