Origin Bancorp, Inc. (NASDAQ:OBK) Holdings Raised by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,329 shares of the company’s stock after buying an additional 612 shares during the period. Fisher Asset Management LLC owned about 0.13% of Origin Bancorp worth $1,297,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Origin Bancorp by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after purchasing an additional 3,220 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Origin Bancorp by 108.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,021 shares of the company’s stock valued at $740,000 after buying an additional 11,993 shares during the last quarter. Quest Partners LLC grew its stake in shares of Origin Bancorp by 87.1% in the 3rd quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock valued at $512,000 after buying an additional 7,408 shares in the last quarter. Natixis Advisors LLC increased its holdings in Origin Bancorp by 10.2% in the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after buying an additional 1,017 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Origin Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 85,485 shares of the company’s stock valued at $2,749,000 after acquiring an additional 4,288 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $34.36 on Friday. The firm has a market capitalization of $1.07 billion, a PE ratio of 14.14 and a beta of 0.98. Origin Bancorp, Inc. has a 1 year low of $27.69 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 0.17. The firm’s fifty day simple moving average is $32.82 and its 200 day simple moving average is $32.27.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The business had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period in the prior year, the business posted $0.71 earnings per share. On average, sell-side analysts anticipate that Origin Bancorp, Inc. will post 2.46 EPS for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.75%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.69%.

Wall Street Analyst Weigh In

OBK has been the subject of several recent research reports. DA Davidson decreased their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stephens increased their target price on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.20.

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.