American Century Companies Inc. Has $20.01 Million Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

American Century Companies Inc. raised its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 600,925 shares of the company's stock after buying an additional 61,240 shares during the period. American Century Companies Inc. owned approximately 1.93% of Origin Bancorp worth $20,005,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Origin Bancorp by 156.7% in the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock worth $10,650,000 after buying an additional 195,293 shares during the period. Wellington Management Group LLP acquired a new position in Origin Bancorp in the 3rd quarter worth approximately $4,187,000. Tributary Capital Management LLC boosted its stake in Origin Bancorp by 31.8% in the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock worth $15,196,000 after purchasing an additional 110,056 shares during the period. Barclays PLC grew its position in Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company's stock worth $2,515,000 after purchasing an additional 34,733 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Origin Bancorp by 80.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company's stock valued at $2,347,000 after purchasing an additional 32,619 shares during the period. Institutional investors and hedge funds own 54.68% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OBK. Piper Sandler lifted their price target on Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, January 24th. DA Davidson lifted their target price on Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Stephens reissued an "overweight" rating and issued a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Finally, Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $44.00 to $39.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.00.

Origin Bancorp Stock Down 8.9 %

NASDAQ:OBK traded down $3.06 during mid-day trading on Thursday, reaching $31.36. The stock had a trading volume of 246,759 shares, compared to its average volume of 117,173. The stock has a market cap of $979.66 million, a P/E ratio of 12.75 and a beta of 0.96. The business's 50 day moving average is $37.40 and its 200 day moving average is $34.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $41.17.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.91%. Origin Bancorp's dividend payout ratio is currently 24.39%.

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.