Corient Private Wealth LLC Invests $782,000 in Origin Bancorp, Inc. (NASDAQ:OBK)

Corient Private Wealth LLC bought a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,490 shares of the company's stock, valued at approximately $782,000. Corient Private Wealth LLC owned 0.08% of Origin Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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Analyst Upgrades and Downgrades

OBK has been the topic of several recent research reports. DA Davidson upped their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Stephens reaffirmed an "overweight" rating and issued a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Raymond James reissued a "strong-buy" rating and set a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Finally, Piper Sandler lifted their target price on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Origin Bancorp has an average rating of "Buy" and a consensus price target of $44.00.

Origin Bancorp Stock Down 2.4 %

Origin Bancorp stock traded down $0.85 during trading hours on Friday, hitting $34.98. The stock had a trading volume of 75,833 shares, compared to its average volume of 116,292. The stock's 50-day moving average price is $37.57 and its 200-day moving average price is $34.84. The stock has a market capitalization of $1.09 billion, a P/E ratio of 14.22 and a beta of 0.96. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $41.17. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.72%. Origin Bancorp's payout ratio is 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.