Boston Partners Has $3.55 Million Position in Origin Bancorp Inc (OBNK)
Boston Partners boosted its position in Origin Bancorp Inc (NASDAQ:OBNK) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,158 shares of the company’s stock after acquiring an additional 11,648 shares during the quarter. Boston Partners’ holdings in Origin Bancorp were worth $3,547,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of OBNK. Great West Life Assurance Co. Can acquired a new stake in Origin Bancorp during the fourth quarter worth approximately $51,000. Acadian Asset Management LLC acquired a new stake in Origin Bancorp during the fourth quarter worth approximately $57,000. Legal & General Group Plc raised its holdings in Origin Bancorp by 14.5% during the fourth quarter. Legal & General Group Plc now owns 3,017 shares of the company’s stock worth $103,000 after purchasing an additional 381 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Origin Bancorp by 673.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,633 shares of the company’s stock worth $124,000 after purchasing an additional 3,163 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Origin Bancorp by 12.6% during the fourth quarter. Citigroup Inc. now owns 5,402 shares of the company’s stock worth $184,000 after purchasing an additional 604 shares in the last quarter. 42.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Stephens reissued a “buy” rating and set a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, January 24th.
Origin Bancorp (NASDAQ:OBNK) last announced its earnings results on Wednesday, April 24th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). The business had revenue of $53.63 million during the quarter, compared to analyst estimates of $55.57 million. Origin Bancorp had a net margin of 21.44% and a return on equity of 9.65%. As a group, equities research analysts expect that Origin Bancorp Inc will post 2.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.38%. Origin Bancorp’s payout ratio is 5.91%.
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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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