Origin Bancorp, Inc. $OBK is Elizabeth Park Capital Advisors Ltd.’s 2nd Largest Position

Elizabeth Park Capital Advisors Ltd. lifted its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 125.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 126,151 shares of the company’s stock after purchasing an additional 70,151 shares during the period. Origin Bancorp comprises 3.9% of Elizabeth Park Capital Advisors Ltd.’s investment portfolio, making the stock its 2nd largest position. Elizabeth Park Capital Advisors Ltd.’s holdings in Origin Bancorp were worth $4,741,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter worth about $27,000. Quarry LP purchased a new stake in shares of Origin Bancorp during the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC raised its stake in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after buying an additional 1,832 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Origin Bancorp by 1,476.1% in the fourth quarter. Osaic Holdings Inc. now owns 3,562 shares of the company’s stock worth $134,000 after buying an additional 3,336 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Price Performance

OBK stock opened at $48.64 on Thursday. Origin Bancorp, Inc. has a 1 year low of $32.13 and a 1 year high of $50.35. The company has a market cap of $1.50 billion, a P/E ratio of 18.85 and a beta of 0.73. The firm has a 50-day moving average of $46.77 and a 200 day moving average of $42.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The company had revenue of $104.04 million during the quarter. On average, sell-side analysts forecast that Origin Bancorp, Inc. will post 4.01 EPS for the current year.

Origin Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.25 per share. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. Origin Bancorp’s payout ratio is 38.76%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OBK. Stephens increased their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

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.