14,985 Origin Bancorp, Inc. $OBK Shares Sold by Sterling Capital Management LLC

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Origin Bancorp by 71.2% during the first quarter. Bank of America Corp DE now owns 74,524 shares of the company’s stock valued at $3,090,000 after buying an additional 31,005 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Origin Bancorp in the second quarter valued at about $18,968,000. Man Group plc bought a new stake in shares of Origin Bancorp in the second quarter valued at about $2,299,000. Basswood Capital Management L.L.C. acquired a new stake in Origin Bancorp during the second quarter worth about $21,391,000. Finally, Great Lakes Advisors LLC acquired a new stake in Origin Bancorp during the second quarter worth about $5,469,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $54.03 on Friday. The firm has a market cap of $1.67 billion, a P/E ratio of 16.88 and a beta of 0.74. The firm’s 50-day simple moving average is $53.00 and its 200-day simple moving average is $48.50. Origin Bancorp, Inc. has a twelve month low of $32.28 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (TXSE:OBK) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share (EPS) for the quarter. The firm had revenue of $113.22 million during the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. As a group, research analysts expect that Origin Bancorp, Inc. will post 4.11 EPS 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. Stockholders of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, November 13th. Origin Bancorp’s dividend payout ratio is currently 26.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OBK. Raymond James Financial boosted their price target on Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Piper Sandler raised their price objective on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. DA Davidson boosted their price objective on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Benchmark upgraded Origin Bancorp to a “hold” rating in a research note on Thursday, September 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Origin Bancorp has a consensus rating of “Moderate Buy” and an average price target of $58.00.

About Origin Bancorp

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.