Patriot Financial Partners GP LP Has $19.48 Million Stock Holdings in Origin Bancorp Inc (NASDAQ:OBNK)

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Patriot Financial Partners GP LP raised its stake in shares of Origin Bancorp Inc (NASDAQ:OBNK) by 108.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 577,285 shares of the company’s stock after purchasing an additional 300,000 shares during the period. Origin Bancorp makes up 6.8% of Patriot Financial Partners GP LP’s portfolio, making the stock its 7th biggest position. Patriot Financial Partners GP LP’s holdings in Origin Bancorp were worth $19,478,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. RMB Capital Management LLC lifted its holdings in shares of Origin Bancorp by 10.7% in the 2nd quarter. RMB Capital Management LLC now owns 420,036 shares of the company’s stock worth $13,861,000 after acquiring an additional 40,752 shares during the last quarter. JPMorgan Chase & Co. increased 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 worth $175,000 after buying an additional 1,048 shares during the period. Vanguard Group Inc. increased its stake in shares of Origin Bancorp by 1.7% in the second quarter. Vanguard Group Inc. now owns 562,427 shares of the company’s stock worth $18,559,000 after buying an additional 9,333 shares during the period. Wells Fargo & Company MN increased its stake in shares of Origin Bancorp by 91.7% in the second quarter. Wells Fargo & Company MN now owns 31,074 shares of the company’s stock worth $1,026,000 after buying an additional 14,865 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Origin Bancorp by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 288,047 shares of the company’s stock worth $9,505,000 after buying an additional 19,588 shares during the period. Institutional investors and hedge funds own 49.90% of the company’s stock.

Several research analysts recently commented on OBNK shares. Raymond James lifted their target price on shares of Origin Bancorp from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Zacks Investment Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Stephens reaffirmed a “buy” rating and issued a $37.00 target price on shares of Origin Bancorp in a research note on Thursday, October 24th.

Shares of NASDAQ OBNK traded up $0.09 during mid-day trading on Friday, hitting $35.53. The stock had a trading volume of 20,400 shares, compared to its average volume of 68,746. The firm has a market cap of $831.69 million, a P/E ratio of 16.15 and a beta of 0.48. The business has a 50 day moving average price of $33.78 and a two-hundred day moving average price of $33.67. Origin Bancorp Inc has a 1 year low of $30.43 and a 1 year high of $38.73. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.08 and a current ratio of 1.10.

Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $56.44 million. Origin Bancorp had a net margin of 20.11% and a return on equity of 9.56%. Equities research analysts predict that Origin Bancorp Inc will post 2.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.093 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, November 14th. Origin Bancorp’s payout ratio is 16.82%.

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.

Read More: Are all No-Load Funds Equal?

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).

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

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