Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,639,682 shares of the company's stock after selling 36,617 shares during the quarter. Vanguard Group Inc. owned about 5.26% of Origin Bancorp worth $54,585,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OBK. Brooklyn Investment Group purchased a new stake in Origin Bancorp during the 4th quarter valued at $48,000. KLP Kapitalforvaltning AS bought a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $183,000. Quantbot Technologies LP raised its holdings in shares of Origin Bancorp by 115.5% in the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock worth $194,000 after buying an additional 3,125 shares during the period. Janney Montgomery Scott LLC purchased a new position in Origin Bancorp during the 4th quarter valued at $219,000. Finally, US Bancorp DE grew its position in Origin Bancorp by 12.4% in 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 during the last quarter. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Up 0.3 %

Origin Bancorp stock traded up $0.11 during mid-day trading on Thursday, reaching $30.48. 16,233 shares of the company were exchanged, compared to its average volume of 119,682. 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 firm has a market cap of $952.16 million, a P/E ratio of 12.40 and a beta of 0.78. The business has a fifty day moving average of $35.49 and a 200 day moving average of $34.67. Origin Bancorp, Inc. has a 12-month low of $27.83 and a 12-month high of $41.17.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp's dividend payout ratio (DPR) is currently 24.39%.

Analyst Ratings Changes

A number of research analysts have recently commented on OBK shares. Stephens restated an "overweight" rating and issued a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Piper Sandler lifted their target price on Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Raymond James cut Origin Bancorp from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. One 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 has a consensus rating of "Moderate Buy" and an average price target of $43.00.

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.