Short Interest in Origin Bancorp Inc (NASDAQ:OBNK) Drops By 8.5%

Share on StockTwits

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 has been the subject of a number of recent research reports. Raymond James cut shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, August 29th. Stephens reissued a “buy” rating and issued a $38.00 target price on shares of Origin Bancorp in a research report on Monday, November 25th. Zacks Investment Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, DA Davidson initiated coverage on shares of Origin Bancorp in a research report on Thursday. They issued a “buy” rating and a $41.50 target price for the company.

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.

See Also: What is a Lock-Up Period?

Receive News & Ratings for Origin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Comcast Co.  Stake Boosted by 10 15 Associates Inc.
Comcast Co. Stake Boosted by 10 15 Associates Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd


© 2006-2020 Ticker Report