Origin Bancorp Inc (NASDAQ:OBNK) Position Lessened by UBS Asset Management Americas Inc.

Share on StockTwits

UBS Asset Management Americas Inc. trimmed its position in shares of Origin Bancorp Inc (NASDAQ:OBNK) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,845 shares of the company’s stock after selling 657 shares during the period. UBS Asset Management Americas Inc. owned about 0.23% of Origin Bancorp worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Origin Bancorp during the second quarter worth $33,000. Bank of Montreal Can purchased a new stake in shares of Origin Bancorp during the second quarter worth $53,000. Acadian Asset Management LLC raised its holdings in shares of Origin Bancorp by 49.5% during the second quarter. Acadian Asset Management LLC now owns 3,845 shares of the company’s stock worth $127,000 after acquiring an additional 1,273 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Origin Bancorp by 24.6% during the second quarter. JPMorgan Chase & Co. now owns 5,309 shares of the company’s stock valued at $175,000 after buying an additional 1,048 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Origin Bancorp by 20.4% during the second quarter. Bank of America Corp DE now owns 16,255 shares of the company’s stock valued at $537,000 after buying an additional 2,758 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Several equities analysts have weighed in on the company. Raymond James lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating in a report on Thursday, August 29th. Zacks Investment Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday, October 5th.

NASDAQ OBNK opened at $32.09 on Friday. The firm has a market cap of $748.59 million, a P/E ratio of 14.56 and a beta of 0.46. The stock’s 50-day moving average is $33.18 and its two-hundred day moving average is $33.70. Origin Bancorp Inc has a fifty-two week low of $27.41 and a fifty-two week high of $38.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.10 and a quick ratio of 1.08.

Origin Bancorp (NASDAQ:OBNK) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.11). The business had revenue of $54.15 million during the quarter, compared to analyst estimates of $55.53 million. Origin Bancorp had a net margin of 20.20% and a return on equity of 9.30%. On average, equities analysts expect that Origin Bancorp Inc will post 2.29 EPS for the current year.

Origin Bancorp 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: Holder of Record

Institutional Ownership by Quarter for Origin Bancorp (NASDAQ:OBNK)

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.