Kennedy Capital Management LLC Has $26.56 Million Position in Origin Bancorp, Inc. $OBK

Kennedy Capital Management LLC grew its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 706,235 shares of the company’s stock after acquiring an additional 83,971 shares during the period. 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 owned approximately 2.28% of Origin Bancorp worth $26,561,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after acquiring an additional 37,050 shares during the period. Dimensional Fund Advisors LP grew its holdings in Origin Bancorp by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,376,219 shares of the company’s stock worth $51,760,000 after acquiring an additional 16,639 shares during the period. State Street Corp grew its holdings in 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 acquiring an additional 10,741 shares during the period. Goldman Sachs Group Inc. grew its holdings in Origin Bancorp by 17.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock worth $29,997,000 after acquiring an additional 116,410 shares during the period. Finally, Basswood Capital Management L.L.C. grew its holdings in Origin Bancorp by 7.8% during the 2nd quarter. Basswood Capital Management L.L.C. now owns 471,846 shares of the company’s stock worth $16,864,000 after acquiring an additional 34,101 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OBK. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens increased their price objective on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.50.

Origin Bancorp Price Performance

OBK stock opened at $50.23 on Friday. The stock has a market capitalization of $1.55 billion, a PE ratio of 19.47 and a beta of 0.73. The company’s 50-day moving average is $46.35 and its 200-day moving average is $42.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a 1 year low of $32.13 and a 1 year high of $50.35.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Equities research analysts expect that Origin Bancorp, Inc. will post 4.01 EPS for the current fiscal year.

Origin Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s payout ratio is 38.76%.

Origin Bancorp Company 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.