Origin Bancorp Inc (NASDAQ:OBNK) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 553,100 shares, an increase of 23.4% from the April 30th total of 448,300 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is presently 13.8 days. Approximately 3.1% of the shares of the stock are short sold.
OBNK stock traded down $0.40 during midday trading on Thursday, hitting $34.00. 823 shares of the stock were exchanged, compared to its average volume of 46,555. The stock has a market cap of $816.76 million and a PE ratio of 15.38. Origin Bancorp has a fifty-two week low of $27.41 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.03.
Origin Bancorp (NASDAQ:OBNK) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 9.65% and a net margin of 21.44%. The firm had revenue of $53.63 million for the quarter, compared to analyst estimates of $55.57 million. As a group, equities research analysts predict that Origin Bancorp will post 2.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.0325 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.38%. Origin Bancorp’s dividend payout ratio (DPR) is 5.91%.
Separately, Zacks Investment Research cut Origin Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its holdings in shares of Origin Bancorp by 31.3% during the first quarter. TD Asset Management Inc. now owns 26,516 shares of the company’s stock worth $903,000 after acquiring an additional 6,316 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Origin Bancorp by 20.8% during the first quarter. Victory Capital Management Inc. now owns 41,664 shares of the company’s stock worth $1,419,000 after acquiring an additional 7,164 shares in the last quarter. Boston Partners raised its holdings in shares of Origin Bancorp by 12.6% during the first quarter. Boston Partners now owns 104,158 shares of the company’s stock worth $3,547,000 after acquiring an additional 11,648 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of 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 acquiring an additional 3,163 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Origin Bancorp by 8.5% during the fourth quarter. Deutsche Bank AG now owns 38,610 shares of the company’s stock worth $1,314,000 after acquiring an additional 3,025 shares in the last quarter. 47.58% of the stock is owned by institutional investors.
Origin Bancorp Company Profile
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.
Further Reading: Why is a lock-up period needed for an IPO?
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.