Trust Point Inc. Sells 7,578 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Trust Point Inc. reduced its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 55.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,192 shares of the company's stock after selling 7,578 shares during the period. Trust Point Inc.'s holdings in Origin Bancorp were worth $206,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of OBK. Point72 Asia Singapore Pte. Ltd. purchased a new position in Origin Bancorp during the third quarter worth about $30,000. Brooklyn Investment Group purchased a new position in shares of Origin Bancorp in the 4th quarter worth approximately $48,000. Quantbot Technologies LP grew its holdings in shares of 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 acquiring an additional 1,187 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Origin Bancorp during the third quarter valued at approximately $160,000. Finally, Janney Montgomery Scott LLC bought a new stake in Origin Bancorp during the fourth quarter worth $219,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OBK has been the subject of a number of recent analyst reports. Stephens restated an "overweight" rating and issued a $42.00 price objective on shares of Origin Bancorp in a research note on Thursday, January 23rd. Raymond James restated a "strong-buy" rating and set a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Piper Sandler lifted their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $45.00 target price (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Finally, DA Davidson lifted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $43.40.

Origin Bancorp Stock Performance

NASDAQ OBK traded down $0.08 during trading on Monday, hitting $39.77. 270,429 shares of the company's stock traded hands, compared to its average volume of 176,928. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 16.16 and a beta of 1.00. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $40.08. The business has a 50 day moving average of $35.41 and a 200-day moving average of $33.55.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, February 14th. Origin Bancorp's payout ratio is currently 24.39%.

About Origin Bancorp

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.