Raymond James Financial Inc. Invests $807,000 in Origin Bancorp, Inc. (NASDAQ:OBK)

Raymond James Financial Inc. purchased a new stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,230 shares of the company's stock, valued at approximately $807,000. Raymond James Financial Inc. owned 0.08% of Origin Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Origin Bancorp by 80.8% in the third 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. Barclays PLC grew its stake in shares of 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 buying an additional 34,733 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of 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 worth $10,650,000 after buying an additional 195,293 shares during the last quarter. State Street Corp raised its position 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 buying an additional 16,309 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Origin Bancorp in the fourth quarter valued at $219,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Stock Down 5.0 %

Origin Bancorp stock traded down $1.55 during midday trading on Thursday, hitting $29.67. 148,999 shares of the stock were exchanged, compared to its average volume of 119,181. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50 day moving average price of $36.27 and a two-hundred day moving average price of $34.74. The firm has a market cap of $926.85 million, a P/E ratio of 12.06 and a beta of 0.78. Origin Bancorp, Inc. has a 1 year low of $27.69 and a 1 year high of $41.17.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, February 14th. Origin Bancorp's dividend payout ratio is currently 24.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OBK shares. Raymond James downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. DA Davidson lifted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Piper Sandler boosted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently 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.