Stieven Capital Advisors L.P. Purchases Shares of 177,698 Origin Bancorp, Inc. (NASDAQ:OBK)

Stieven Capital Advisors L.P. purchased a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 177,698 shares of the company’s stock, valued at approximately $5,637,000. Stieven Capital Advisors L.P. owned 0.57% of Origin Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Origin Bancorp during the 2nd quarter worth about $25,000. First Horizon Advisors Inc. bought a new position in Origin Bancorp during the 4th quarter worth approximately $40,000. Quadrant Capital Group LLC bought a new position in Origin Bancorp during the 4th quarter worth approximately $90,000. Amalgamated Bank bought a new position in Origin Bancorp in the fourth quarter valued at approximately $91,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Origin Bancorp in the fourth quarter valued at approximately $176,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK traded up $0.22 on Friday, hitting $33.47. The company had a trading volume of 111,317 shares, compared to its average volume of 88,058. The stock has a 50 day moving average price of $32.50 and a 200 day moving average price of $31.14. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 12.63 and a beta of 1.00. Origin Bancorp, Inc. has a 1-year low of $26.68 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 0.18.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same quarter in the previous year, the business posted $0.69 earnings per share. Analysts expect that Origin Bancorp, Inc. will post 2.6 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 15th. Origin Bancorp’s payout ratio is 22.64%.

Analyst Ratings Changes

A number of analysts have recently issued reports on OBK shares. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Stephens reiterated an “overweight” rating and issued a $39.00 price objective on shares of Origin Bancorp in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

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.