Dimensional Fund Advisors LP Grows Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Dimensional Fund Advisors LP increased its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 11.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,197 shares of the company’s stock after acquiring an additional 102,159 shares during the quarter. Dimensional Fund Advisors LP owned about 3.30% of Origin Bancorp worth $32,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of OBK. Goldman Sachs Group Inc. bought a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $20,935,000. Tributary Capital Management LLC increased its position in Origin Bancorp by 19.6% during the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after buying an additional 65,266 shares in the last quarter. RMB Capital Management LLC purchased a new position in Origin Bancorp during the fourth quarter valued at $7,648,000. Stieven Capital Advisors L.P. bought a new stake in Origin Bancorp in the second quarter worth $5,637,000. Finally, Banc Funds Co. LLC purchased a new stake in shares of Origin Bancorp in the fourth quarter worth $5,625,000. Institutional investors own 54.68% of the company’s stock.

Analysts Set New Price Targets

OBK has been the topic of a number of analyst reports. Stephens reiterated an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Origin Bancorp Price Performance

Shares of NASDAQ:OBK opened at $31.14 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $965.81 million, a price-to-earnings ratio of 11.75 and a beta of 0.99. The business has a 50-day simple moving average of $32.33 and a two-hundred day simple moving average of $31.48. Origin Bancorp, Inc. has a fifty-two week low of $26.68 and a fifty-two week high of $37.56.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. The firm had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. During the same period in the previous year, the company earned $0.69 earnings per share. On average, analysts expect that Origin Bancorp, Inc. will post 2.6 earnings per share for the current year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.93%. Origin Bancorp’s dividend payout ratio (DPR) is currently 22.64%.

About Origin Bancorp

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.