Origin Bancorp (OBNK) Reaches New 1-Year Low at $35.63

Origin Bancorp Inc (NASDAQ:OBNK) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $35.63 and last traded at $36.06, with a volume of 380 shares trading hands. The stock had previously closed at $36.10.

Separately, Zacks Investment Research upgraded shares of Origin Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, September 12th.

The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The company had revenue of $47.79 million for the quarter. On average, analysts expect that Origin Bancorp Inc will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.0325 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, September 13th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pine Brook Road Advisors LP purchased a new position in Origin Bancorp during the second quarter valued at approximately $83,105,000. BlackRock Inc. purchased a new position in Origin Bancorp during the second quarter valued at approximately $36,472,000. King Luther Capital Management Corp purchased a new position in Origin Bancorp during the second quarter valued at approximately $12,443,000. Russell Investments Group Ltd. purchased a new position in Origin Bancorp during the second quarter valued at approximately $8,782,000. Finally, Northern Trust Corp purchased a new position in Origin Bancorp during the second quarter valued at approximately $6,297,000. 44.65% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Company Profile (NASDAQ:OBNK)

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 offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.

See Also: How a Put Option Works

Receive News & Ratings for Origin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply