Short Interest in Origin Bancorp, Inc. (NYSE:OBK) Increases By 20.3%
by Amy Steele · The Cerbat GemOrigin Bancorp, Inc. (NYSE:OBK – Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 374,513 shares, a growth of 20.3% from the December 31st total of 311,282 shares. Based on an average daily volume of 191,480 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 191,480 shares, the days-to-cover ratio is presently 2.0 days.
Wall Street Analyst Weigh In
OBK has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday. Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. Finally, DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday, January 30th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.80.
Read Our Latest Stock Report on OBK
Origin Bancorp Price Performance
Shares of NYSE:OBK traded up $0.84 during trading on Wednesday, hitting $45.10. 377,685 shares of the company’s stock were exchanged, compared to its average volume of 261,325. The firm has a 50-day moving average of $39.20. The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.79 and a beta of 0.77. Origin Bancorp has a 52-week low of $28.80 and a 52-week high of $45.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97.
Origin Bancorp (NYSE:OBK – Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%. The business had revenue of $94.00 million during the quarter.
Origin Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 1.3%. Origin Bancorp’s payout ratio is presently 25.00%.
Institutional Investors Weigh In On Origin Bancorp
Several large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Origin Bancorp in the 2nd quarter worth approximately $483,000. Tributary Capital Management LLC lifted its position in Origin Bancorp by 92.5% during the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after purchasing an additional 379,716 shares during the last quarter. Creative Planning lifted its position in Origin Bancorp by 17.6% during the second quarter. Creative Planning now owns 59,884 shares of the company’s stock valued at $2,140,000 after purchasing an additional 8,941 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Origin Bancorp in the 2nd quarter worth $224,000. Finally, Franklin Resources Inc. increased its holdings in shares of Origin Bancorp by 25.6% in the 2nd quarter. Franklin Resources Inc. now owns 138,574 shares of the company’s stock worth $4,953,000 after buying an additional 28,263 shares during the last quarter. 54.68% of the stock is owned by institutional investors.
Origin Bancorp Company Profile
Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.
Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.