Rhino Investment Partners Inc Trims Stock Holdings in Origin Bancorp, Inc. $OBK

Rhino Investment Partners Inc decreased its position in Origin Bancorp, Inc. (NYSE:OBK) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 381,309 shares of the company’s stock after selling 46,356 shares during the quarter. Origin Bancorp makes up 4.2% of Rhino Investment Partners Inc’s portfolio, making the stock its 11th biggest position. Rhino Investment Partners Inc owned approximately 1.23% of Origin Bancorp worth $13,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tributary Capital Management LLC grew its position in shares of Origin Bancorp by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock worth $27,279,000 after buying an additional 379,716 shares during the period. Endeavour Capital Advisors Inc. increased its stake in shares of Origin Bancorp by 2,277.7% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock worth $6,610,000 after acquiring an additional 183,442 shares in the last quarter. Jane Street Group LLC lifted its position in Origin Bancorp by 97.9% during the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock valued at $4,089,000 after acquiring an additional 58,340 shares during the period. Elizabeth Park Capital Advisors Ltd. bought a new stake in Origin Bancorp during the third quarter worth about $1,933,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Origin Bancorp during the second quarter worth about $1,911,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Analyst Upgrades and Downgrades

OBK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. DA Davidson set a $49.00 price target on Origin Bancorp in a research report on Friday, January 30th. Weiss Ratings raised Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Origin Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Origin Bancorp Trading Down 0.4%

Shares of OBK stock opened at $40.64 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $46.02. The stock has a market capitalization of $1.26 billion, a P/E ratio of 16.93 and a beta of 0.76. The firm’s 50 day moving average is $41.96 and its 200 day moving average is $38.20.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The firm had revenue of $94.00 million for the quarter. Origin Bancorp had a return on equity of 6.21% and a net margin of 12.58%.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, February 13th. Origin Bancorp’s dividend payout ratio is 25.00%.

Origin Bancorp Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.