Sterling Capital Management LLC Sells 14,985 Shares of Origin Bancorp, Inc. $OBK

Sterling Capital Management LLC cut its stake in shares of Origin Bancorp, Inc. (TXSE:OBK) by 96.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 609 shares of the company’s stock after selling 14,985 shares during the quarter. Sterling Capital Management LLC’s holdings in Origin Bancorp were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Origin Bancorp in the 2nd quarter valued at $132,196,000. Dimensional Fund Advisors LP grew its holdings in shares of Origin Bancorp by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock worth $59,089,000 after purchasing an additional 49,001 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Origin Bancorp by 1.1% during the 2nd quarter. Wellington Management Group LLP now owns 518,389 shares of the company’s stock worth $26,516,000 after purchasing an additional 5,737 shares in the last quarter. Basswood Capital Management L.L.C. acquired a new stake in shares of Origin Bancorp during the 2nd quarter worth about $21,391,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Origin Bancorp during the 2nd quarter worth about $18,968,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Price Performance

Origin Bancorp stock opened at $54.03 on Friday. The business’s fifty day moving average is $53.00 and its two-hundred day moving average is $48.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $1.67 billion, a P/E ratio of 16.88 and a beta of 0.74. Origin Bancorp, Inc. has a 52 week low of $32.28 and a 52 week high of $58.00.

Origin Bancorp (TXSE:OBK) last announced its earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. The company had revenue of $113.22 million during the quarter. Equities research analysts forecast that Origin Bancorp, Inc. will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Origin Bancorp’s dividend payout ratio is currently 26.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James Financial lifted their price target on shares of Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Piper Sandler upped their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. DA Davidson lifted their target price on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Origin Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Origin Bancorp Profile

Origin Bancorp, Inc is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities.

Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.

The bank serves customers through banking locations and digital channels across Louisiana, Texas and Mississippi.