Tributary Capital Management LLC Buys 110,056 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Tributary Capital Management LLC grew its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 31.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 456,480 shares of the company’s stock after acquiring an additional 110,056 shares during the quarter. Tributary Capital Management LLC owned about 1.46% of Origin Bancorp worth $15,196,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Origin Bancorp during the third quarter worth $30,000. Brooklyn Investment Group acquired a new stake in Origin Bancorp in the fourth quarter valued at about $48,000. Quantbot Technologies LP grew its position in Origin Bancorp by 78.1% in the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after acquiring an additional 1,187 shares during the last quarter. SG Americas Securities LLC acquired a new position in Origin Bancorp during the third quarter worth about $160,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Origin Bancorp in the fourth quarter worth about $219,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OBK shares. Keefe, Bruyette & Woods increased their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. DA Davidson dropped their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stephens restated an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday. Piper Sandler upped their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Raymond James reissued a “strong-buy” rating and set a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research note on Friday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Origin Bancorp presently has an average rating of “Buy” and an average price target of $41.60.

Origin Bancorp Trading Up 1.8 %

NASDAQ:OBK opened at $37.73 on Friday. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $38.76. The firm’s fifty day moving average is $34.48 and its 200-day moving average is $33.25. The firm has a market cap of $1.18 billion, a P/E ratio of 14.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a return on equity of 6.91% and a net margin of 12.34%. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts expect that Origin Bancorp, Inc. will post 2.43 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

Origin Bancorp Company 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.