Hsbc Holdings PLC Has $1.06 Million Position in Origin Bancorp, Inc. (NASDAQ:OBNK)

Hsbc Holdings PLC boosted its position in Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) by 4.2% in the third quarter, Holdings Channel.com reports. The firm owned 26,937 shares of the company’s stock after purchasing an additional 1,086 shares during the quarter. Hsbc Holdings PLC’s holdings in Origin Bancorp were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in shares of Origin Bancorp by 59.6% in the first quarter. Lazard Asset Management LLC now owns 967 shares of the company’s stock worth $40,000 after acquiring an additional 361 shares during the period. Principal Financial Group Inc. lifted its position in shares of Origin Bancorp by 6.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,513 shares of the company’s stock worth $407,000 after purchasing an additional 611 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Origin Bancorp by 67.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,670 shares of the company’s stock worth $63,000 after purchasing an additional 670 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Origin Bancorp by 75.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,907 shares of the company’s stock valued at $73,000 after purchasing an additional 821 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Origin Bancorp in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 47.20% of the company’s stock.

Origin Bancorp Trading Down 1.1 %

NASDAQ:OBNK opened at $37.24 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.96 and a current ratio of 0.97. Origin Bancorp, Inc. has a 52 week low of $35.36 and a 52 week high of $47.28. The firm’s fifty day moving average is $37.90 and its 200-day moving average is $39.66. The firm has a market cap of $1.15 billion, a P/E ratio of 11.32 and a beta of 0.92.

Origin Bancorp (NASDAQ:OBNK – Get Rating) last released its earnings results on Wednesday, January 25th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Origin Bancorp had a net margin of 22.85% and a return on equity of 11.03%. The company had revenue of $98.18 million for the quarter, compared to analyst estimates of $103.20 million. Equities analysts expect that Origin Bancorp, Inc. will post 3.96 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. Origin Bancorp’s payout ratio is presently 18.24%.

Insider Activity at Origin Bancorp

In related news, Director Michael Aubrey Jones bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were bought at an average price of $37.00 per share, for a total transaction of $37,000.00. Following the transaction, the director now directly owns 208,793 shares of the company’s stock, valued at $7,725,341. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OBNK has been the topic of a number of analyst reports. Raymond James lowered shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $45.00 to $43.00 in a research note on Tuesday, February 21st. Piper Sandler lowered shares of Origin Bancorp from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $41.00 in a research note on Friday, January 27th.

About Origin Bancorp

(Get Rating)

Origin Bancorp, Inc is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients. The firm’s products and services include lending, deposits, mortgage banking, and insurance. It also offers other banking services such as Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.