Elizabeth Park Capital Advisors Ltd. Grows Stock Position in Origin Bancorp, Inc. $OBK

Elizabeth Park Capital Advisors Ltd. boosted its position in Origin Bancorp, Inc. (NYSE:OBK) by 125.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,151 shares of the company’s stock after acquiring an additional 70,151 shares during the quarter. Origin Bancorp accounts for approximately 3.9% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 2nd largest holding. Elizabeth Park Capital Advisors Ltd. owned about 0.41% of Origin Bancorp worth $4,741,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Origin Bancorp by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock valued at $550,000 after acquiring an additional 300 shares during the last quarter. LPL Financial LLC boosted its position in Origin Bancorp by 1.9% during the fourth quarter. LPL Financial LLC now owns 16,122 shares of the company’s stock valued at $606,000 after buying an additional 300 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Origin Bancorp by 2.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock valued at $474,000 after buying an additional 375 shares during the period. Natixis Advisors LLC boosted its position in Origin Bancorp by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 16,511 shares of the company’s stock valued at $621,000 after buying an additional 394 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Origin Bancorp by 2.8% during the third quarter. Mackenzie Financial Corp now owns 18,511 shares of the company’s stock valued at $639,000 after buying an additional 510 shares during the period. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

NYSE OBK opened at $48.64 on Thursday. The company has a 50-day simple moving average of $46.77 and a two-hundred day simple moving average of $42.85. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp, Inc. has a 12-month low of $32.13 and a 12-month high of $50.35. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 18.85 and a beta of 0.73.

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

Origin Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.25 per share. This is an increase 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 was Friday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is currently 38.76%.

Analysts Set New Price Targets

Several research firms have issued reports on OBK. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens upped their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

Origin Bancorp Profile

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.