85,853 Shares in Origin Bancorp, Inc. $OBK Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) during the third quarter, Holdings Channel.com reports. The firm purchased 85,853 shares of the company’s stock, valued at approximately $2,964,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OBK. Dimensional Fund Advisors LP lifted its stake in shares of Origin Bancorp by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,359,580 shares of the company’s stock worth $46,933,000 after buying an additional 31,267 shares during the period. Tributary Capital Management LLC increased 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 valued at $27,279,000 after acquiring an additional 379,716 shares during the period. American Century Companies Inc. increased its position in shares of Origin Bancorp by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 680,970 shares of the company’s stock valued at $24,338,000 after acquiring an additional 6,377 shares during the period. Goldman Sachs Group Inc. raised its stake in Origin Bancorp by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after acquiring an additional 20,146 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in Origin Bancorp by 1.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 622,264 shares of the company’s stock worth $21,481,000 after acquiring an additional 7,250 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Down 1.8%

Shares of Origin Bancorp stock opened at $40.33 on Friday. The stock has a market cap of $1.25 billion, a PE ratio of 16.81 and a beta of 0.76. The firm has a fifty day moving average price of $42.21 and a 200 day moving average price of $38.33. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $46.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97.

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

Origin Bancorp Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on OBK shares. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. DA Davidson set a $49.00 price objective on Origin Bancorp in a research note on Friday, January 30th. Weiss Ratings raised Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Keefe, Bruyette & Woods upped their target price on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.75.

About Origin Bancorp

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.