Franklin Resources Inc. Buys 19,020 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Franklin Resources Inc. raised its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,341 shares of the company's stock after buying an additional 19,020 shares during the period. Franklin Resources Inc. owned about 0.29% of Origin Bancorp worth $3,007,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Origin Bancorp in the fourth quarter worth $48,000. KLP Kapitalforvaltning AS bought a new stake in shares of Origin Bancorp during the 4th quarter valued at about $183,000. Quantbot Technologies LP increased its position in shares of Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after buying an additional 3,125 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Origin Bancorp in the fourth quarter worth about $219,000. Finally, US Bancorp DE boosted its position in Origin Bancorp by 12.4% during the 4th quarter. US Bancorp DE now owns 6,683 shares of the company's stock valued at $222,000 after acquiring an additional 736 shares in the last quarter. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Up 0.6 %

Shares of NASDAQ OBK traded up $0.18 during midday trading on Friday, hitting $30.55. The stock had a trading volume of 114,739 shares, compared to its average volume of 120,171. The company has a market cap of $954.35 million, a P/E ratio of 12.42 and a beta of 0.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $35.31 and its 200-day moving average is $34.66. Origin Bancorp, Inc. has a 52 week low of $27.84 and a 52 week high of $41.17.

Origin Bancorp Dividend Announcement

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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp's payout ratio is currently 24.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OBK shares. Stephens restated an "overweight" rating and set 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 issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. 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. Raymond James downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Finally, DA Davidson lifted their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's 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 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.