International Assets Investment Management LLC Has $755,000 Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

International Assets Investment Management LLC increased its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 3,116.0% during the third quarter, Holdings Channel.com reports. The firm owned 24,281 shares of the company’s stock after buying an additional 23,526 shares during the quarter. International Assets Investment Management LLC’s holdings in Origin Bancorp were worth $755,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OBK. GSA Capital Partners LLP bought a new position in Origin Bancorp during the 1st quarter valued at $457,000. Empowered Funds LLC raised its stake in shares of Origin Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 75,437 shares of the company’s stock worth $2,357,000 after purchasing an additional 5,600 shares during the period. Pitcairn Co. raised its stake in shares of Origin Bancorp by 7.8% during the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock worth $209,000 after purchasing an additional 485 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Origin Bancorp by 14.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock worth $262,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Tyche Wealth Partners LLC purchased a new stake in Origin Bancorp in the 2nd quarter worth about $202,000. 54.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stephens lifted their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson decreased their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

Origin Bancorp Stock Up 2.2 %

OBK stock opened at $31.81 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $32.04 and its 200 day moving average is $31.87. The stock has a market cap of $990.56 million, a price-to-earnings ratio of 13.09 and a beta of 0.98. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $37.56.

Origin Bancorp (NASDAQ:OBK) last issued its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. Origin Bancorp had a return on equity of 7.48% and a net margin of 12.12%. During the same period in the prior year, the company earned $0.71 EPS. Sell-side analysts predict that Origin Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s dividend payout ratio is currently 24.69%.

Origin Bancorp Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.