Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. reduced its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 145,922 shares of the company's stock after selling 29,550 shares during the quarter. Origin Bancorp comprises approximately 1.5% of Endeavour Capital Advisors Inc.'s holdings, making the stock its 20th largest holding. Endeavour Capital Advisors Inc. owned 0.47% of Origin Bancorp worth $4,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OBK. Charles Schwab Investment Management Inc. lifted its holdings in shares of Origin Bancorp by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company's stock valued at $7,675,000 after acquiring an additional 3,220 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company's stock valued at $87,000 after purchasing an additional 1,187 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Origin Bancorp in the 3rd quarter valued at approximately $30,000. State Street Corp boosted its holdings in shares of Origin Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 844,151 shares of the company's stock worth $27,148,000 after purchasing an additional 16,309 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Origin Bancorp during the 3rd quarter valued at approximately $4,187,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on OBK shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Raymond James cut 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 report on Wednesday, April 2nd. DA Davidson raised their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Piper Sandler boosted their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Finally, Stephens reaffirmed an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Origin Bancorp Stock Down 1.5 %

Shares of Origin Bancorp stock traded down $0.46 during trading on Monday, hitting $29.90. 49,952 shares of the stock traded hands, compared to its average volume of 117,592. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $37.25 and its 200 day simple moving average is $34.88. The firm has a market cap of $934.04 million, a P/E ratio of 12.17 and a beta of 0.78. Origin Bancorp, Inc. has a 52-week low of $19.95 and a 52-week high of $41.17.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp's dividend payout ratio (DPR) is 24.39%.

Origin Bancorp Company 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.