Russell Investments Group Ltd. Raises Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Russell Investments Group Ltd. raised its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 67.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,505 shares of the company's stock after purchasing an additional 69,241 shares during the quarter. Russell Investments Group Ltd. owned about 0.55% of Origin Bancorp worth $5,709,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Royce & Associates LP raised its position in Origin Bancorp by 1.6% during the 4th quarter. Royce & Associates LP now owns 977,088 shares of the company's stock worth $32,527,000 after buying an additional 15,196 shares during the last quarter. State Street Corp lifted its position in Origin Bancorp by 2.0% in the third quarter. State Street Corp now owns 844,151 shares of the company's stock valued at $27,148,000 after purchasing an additional 16,309 shares during the period. Geode Capital Management LLC increased its position in Origin Bancorp by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company's stock worth $21,654,000 after purchasing an additional 9,435 shares during the period. American Century Companies Inc. increased its position in Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock worth $20,005,000 after purchasing an additional 61,240 shares during the period. Finally, Tributary Capital Management LLC raised its stake in shares of Origin Bancorp by 31.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Analyst Ratings Changes

OBK has been the topic of a number of recent analyst reports. Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, March 20th. Raymond James cut shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. DA Davidson upped their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Piper Sandler lifted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Origin Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Origin Bancorp Price Performance

Origin Bancorp stock traded up $0.18 during mid-day trading on Friday, hitting $30.55. 114,739 shares of the company were exchanged, compared to its average volume of 120,198. Origin Bancorp, Inc. has a 12-month low of $27.96 and a 12-month high of $41.17. The company has a market capitalization of $954.35 million, a P/E ratio of 12.42 and a beta of 0.78. The business's 50 day simple moving average is $35.10 and its two-hundred day simple moving average is $34.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, February 14th. Origin Bancorp's payout ratio 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.