Janney Montgomery Scott LLC Purchases New Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Janney Montgomery Scott LLC acquired a new position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,578 shares of the company's stock, valued at approximately $219,000.

Several other institutional investors have also bought and sold shares of the stock. Royce & Associates LP lifted its holdings in Origin Bancorp by 7.3% in the third quarter. Royce & Associates LP now owns 961,892 shares of the company's stock worth $30,934,000 after purchasing an additional 65,844 shares during the period. State Street Corp raised its position in Origin Bancorp by 2.0% in the third quarter. State Street Corp now owns 844,151 shares of the company's stock worth $27,148,000 after acquiring an additional 16,309 shares in the last quarter. Geode Capital Management LLC raised its position in Origin Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company's stock worth $21,654,000 after acquiring an additional 9,435 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Origin Bancorp by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company's stock worth $7,675,000 after acquiring an additional 3,220 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Origin Bancorp in the third quarter worth about $4,187,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Stock Down 1.5 %

NASDAQ:OBK traded down $0.59 on Friday, hitting $40.16. 113,483 shares of the company's stock traded hands, compared to its average volume of 182,241. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 1 year low of $27.69 and a 1 year high of $41.17. The firm has a 50-day moving average price of $35.89 and a 200-day moving average price of $33.75. The company has a market cap of $1.25 billion, a PE ratio of 16.32 and a beta of 1.00.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.49%. Origin Bancorp's dividend payout ratio (DPR) is presently 24.39%.

Wall Street Analyst Weigh In

OBK has been the topic of several research reports. Raymond James reiterated a "strong-buy" rating and issued a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. DA Davidson boosted their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Piper Sandler boosted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Stephens restated an "overweight" rating and set a $42.00 price objective on shares of Origin Bancorp in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $43.40.

Origin Bancorp 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.