Origin Bancorp, Inc. (NASDAQ:OBK) Stake Lifted by Royce & Associates LP

Royce & Associates LP grew its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 977,088 shares of the company's stock after acquiring an additional 15,196 shares during the period. Royce & Associates LP owned about 3.13% of Origin Bancorp worth $32,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC raised its stake in shares of Origin Bancorp by 1.5% during the third quarter. Fisher Asset Management LLC now owns 40,329 shares of the company's stock valued at $1,297,000 after purchasing an additional 612 shares during the period. US Bancorp DE increased its stake in Origin Bancorp by 12.4% during the 4th quarter. US Bancorp DE now owns 6,683 shares of the company's stock worth $222,000 after buying an additional 736 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Origin Bancorp during the 3rd quarter worth $30,000. Natixis Advisors LLC lifted its holdings in Origin Bancorp by 10.2% in the 3rd quarter. Natixis Advisors LLC now owns 11,024 shares of the company's stock worth $355,000 after buying an additional 1,017 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Origin Bancorp by 78.1% in the third 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. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Stock Performance

OBK traded down $0.30 during trading on Thursday, reaching $35.39. 73,178 shares of the company were exchanged, compared to its average volume of 110,861. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.17. 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 firm has a 50 day moving average of $37.35 and a 200 day moving average of $34.68. The stock has a market cap of $1.10 billion, a P/E ratio of 14.39 and a beta of 0.96.

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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. 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 1.70%. Origin Bancorp's dividend payout ratio (DPR) is presently 24.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. DA Davidson increased 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. Keefe, Bruyette & Woods reiterated 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. Piper Sandler boosted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Raymond James reiterated a "strong-buy" rating and issued a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Finally, Stephens reissued an "overweight" rating and set a $45.00 price target on shares of Origin Bancorp in a research report on Thursday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $44.00.

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.