Origin Bancorp Inc (NASDAQ:OBNK) saw a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 597,500 shares, a decline of 8.5% from the November 14th total of 653,300 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 63,800 shares, the days-to-cover ratio is currently 9.4 days.
In other news, insider Cary Stephen Davis sold 3,278 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $36.45, for a total value of $119,483.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of OBNK. Swiss National Bank raised its stake in Origin Bancorp by 2.8% in the second quarter. Swiss National Bank now owns 33,182 shares of the company’s stock valued at $1,095,000 after purchasing an additional 900 shares in the last quarter. Wells Fargo & Company MN raised its stake in Origin Bancorp by 91.7% in the second quarter. Wells Fargo & Company MN now owns 31,074 shares of the company’s stock valued at $1,026,000 after purchasing an additional 14,865 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Origin Bancorp by 24.6% in the second quarter. JPMorgan Chase & Co. now owns 5,309 shares of the company’s stock valued at $175,000 after purchasing an additional 1,048 shares in the last quarter. Acadian Asset Management LLC raised its stake in Origin Bancorp by 49.5% in the second quarter. Acadian Asset Management LLC now owns 3,845 shares of the company’s stock valued at $127,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Penn Capital Management Co. Inc. acquired a new position in Origin Bancorp in the second quarter valued at about $1,816,000. 49.72% of the stock is owned by institutional investors and hedge funds.
OBNK stock traded up $0.29 during midday trading on Friday, reaching $37.24. The company had a trading volume of 39,930 shares, compared to its average volume of 28,152. The company has a market capitalization of $855.91 million, a price-to-earnings ratio of 16.93 and a beta of 0.48. The stock has a 50 day moving average price of $35.39 and a 200-day moving average price of $33.91. Origin Bancorp has a 1-year low of $30.43 and a 1-year high of $37.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.05.
Origin Bancorp (NASDAQ:OBNK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $57.50 million during the quarter, compared to the consensus estimate of $56.44 million. Origin Bancorp had a return on equity of 9.47% and a net margin of 20.11%. As a group, research analysts anticipate that Origin Bancorp will post 2.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.093 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, November 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 16.82%.
About Origin Bancorp
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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