Curi RMB Capital LLC Sells 5,000 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Curi RMB Capital LLC reduced its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 2.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the company’s stock after selling 5,000 shares during the period. Curi RMB Capital LLC’s holdings in Origin Bancorp were worth $6,432,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Origin Bancorp by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after acquiring an additional 102,159 shares in the last quarter. Tributary Capital Management LLC increased its holdings in Origin Bancorp by 19.6% during the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after purchasing an additional 65,266 shares during the period. Stieven Capital Advisors L.P. purchased a new position in Origin Bancorp during the 2nd quarter worth $5,637,000. Bank of New York Mellon Corp raised its position in Origin Bancorp by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after purchasing an additional 5,767 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Origin Bancorp by 11.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 124,989 shares of the company’s stock worth $3,965,000 after buying an additional 12,737 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

OBK has been the topic of several research reports. DA Davidson cut their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stephens raised their target price on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Origin Bancorp Price Performance

Shares of OBK stock opened at $34.89 on Friday. The stock’s 50-day moving average is $32.29 and its 200 day moving average is $32.07. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $1.09 billion, a P/E ratio of 13.52 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK) last released its quarterly 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). The firm had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same quarter in the prior year, the business posted $0.71 earnings per share. 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 declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp’s dividend payout ratio is currently 24.69%.

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.