Patriot Financial Partners GP LP raised its holdings in Origin Bancorp Inc (NASDAQ:OBNK) by 108.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 577,285 shares of the company’s stock after purchasing an additional 300,000 shares during the period. Origin Bancorp makes up about 6.8% of Patriot Financial Partners GP LP’s portfolio, making the stock its 7th largest holding. Patriot Financial Partners GP LP owned approximately 2.46% of Origin Bancorp worth $19,478,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of OBNK. Swiss National Bank lifted its holdings in shares of Origin Bancorp by 2.8% during the 2nd quarter. Swiss National Bank now owns 33,182 shares of the company’s stock worth $1,095,000 after acquiring an additional 900 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of Origin Bancorp during the 2nd quarter worth approximately $33,000. JPMorgan Chase & Co. lifted its holdings in shares of Origin Bancorp by 24.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,309 shares of the company’s stock worth $175,000 after acquiring an additional 1,048 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Origin Bancorp by 49.5% during the 2nd quarter. Acadian Asset Management LLC now owns 3,845 shares of the company’s stock worth $127,000 after acquiring an additional 1,273 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Origin Bancorp during the 2nd quarter worth approximately $53,000. 49.90% of the stock is owned by hedge funds and other institutional investors.
OBNK stock traded up $0.09 during trading on Friday, reaching $35.53. 20,400 shares of the company were exchanged, compared to its average volume of 68,746. Origin Bancorp Inc has a twelve month low of $30.43 and a twelve month high of $38.73. The company has a market capitalization of $831.69 million, a price-to-earnings ratio of 16.15 and a beta of 0.48. The company has a 50-day moving average of $33.78 and a two-hundred day moving average of $33.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.10 and a quick ratio of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.093 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.37 annualized dividend and a dividend yield of 1.05%. Origin Bancorp’s dividend payout ratio is currently 16.82%.
OBNK has been the subject of a number of recent analyst reports. Stephens reaffirmed a “buy” rating and set a $37.00 price target on shares of Origin Bancorp in a report on Thursday, October 24th. Zacks Investment Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Raymond James upped their price target on shares of Origin Bancorp from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, October 25th.
Origin Bancorp Profile
Origin Bancorp, Inc operates as the holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Louisiana, Texas, and Mississippi. It accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.
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