Kennedy Capital Management LLC Acquires 83,971 Shares of Origin Bancorp, Inc. $OBK

Kennedy Capital Management LLC boosted its holdings in Origin Bancorp, Inc. (NYSE:OBK) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 706,235 shares of the company’s stock after acquiring an additional 83,971 shares during the quarter. Origin Bancorp accounts for approximately 0.6% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Kennedy Capital Management LLC’s holdings in Origin Bancorp were worth $26,561,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC lifted its position in Origin Bancorp by 22.2% in the 4th quarter. Barclays PLC now owns 80,588 shares of the company’s stock valued at $3,031,000 after acquiring an additional 14,622 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Origin Bancorp in the 4th quarter valued at about $27,000. First Trust Advisors LP increased its stake in Origin Bancorp by 18.1% in the 4th quarter. First Trust Advisors LP now owns 62,072 shares of the company’s stock valued at $2,335,000 after buying an additional 9,515 shares during the last quarter. State Street Corp lifted its position in shares of Origin Bancorp by 1.2% during the 4th quarter. State Street Corp now owns 923,148 shares of the company’s stock worth $34,720,000 after buying an additional 10,741 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Origin Bancorp by 16.0% in the 4th quarter. Ieq Capital LLC now owns 14,952 shares of the company’s stock worth $562,000 after buying an additional 2,057 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

OBK stock opened at $50.23 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 19.47 and a beta of 0.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $46.35 and a 200-day moving average of $42.53. Origin Bancorp, Inc. has a 12-month low of $32.13 and a 12-month high of $50.35.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. As a group, sell-side analysts expect that Origin Bancorp, Inc. will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, May 15th. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio (DPR) is 38.76%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OBK. Stephens upped their target price on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Origin Bancorp currently has an average 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.