Wakefield Asset Management LLLP Takes Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Wakefield Asset Management LLLP purchased a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,438 shares of the company’s stock, valued at approximately $902,000. Wakefield Asset Management LLLP owned about 0.09% of Origin Bancorp at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of OBK. nVerses Capital LLC purchased a new position in shares of Origin Bancorp in the second quarter valued at about $25,000. Quadrant Capital Group LLC bought a new stake in shares of Origin Bancorp during the 4th quarter valued at about $90,000. Amalgamated Bank purchased a new position in shares of Origin Bancorp during the fourth quarter valued at about $91,000. Beaird Harris Wealth Management LLC purchased a new stake in Origin Bancorp in the fourth quarter worth about $176,000. Finally, Carl Stuart Investment Advisor Inc. bought a new stake in Origin Bancorp during the 2nd quarter valued at approximately $201,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $31.75 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $984.73 million, a price-to-earnings ratio of 11.98 and a beta of 1.00. Origin Bancorp, Inc. has a one year low of $26.68 and a one year high of $37.56. The company’s 50-day moving average is $32.70 and its 200 day moving average is $31.21.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. The company had revenue of $164.26 million during the quarter, compared to the consensus estimate of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same quarter last year, the firm earned $0.69 earnings per share. Sell-side analysts expect that Origin Bancorp, Inc. will post 2.6 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.89%. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Analyst Ratings Changes

OBK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $39.00 target price on shares of Origin Bancorp in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Origin Bancorp presently has an average rating of “Moderate Buy” and an average price target of $36.00.

About Origin Bancorp

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.