24,230 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Origin Bancorp during the fourth quarter worth about $48,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Origin Bancorp during the fourth quarter valued at $183,000. Quantbot Technologies LP lifted its holdings in shares of Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after purchasing an additional 3,125 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter valued at $219,000. Finally, US Bancorp DE lifted its holdings in shares of Origin Bancorp by 12.4% during the fourth quarter. US Bancorp DE now owns 6,683 shares of the company's stock valued at $222,000 after purchasing an additional 736 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Stock Up 3.7%

NASDAQ:OBK traded up $1.21 on Monday, hitting $34.11. 9,737 shares of the company's stock traded hands, compared to its average volume of 121,585. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $41.17. The firm has a 50-day moving average price of $32.98 and a 200-day moving average price of $34.72. 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 company has a market cap of $1.07 billion, a PE ratio of 13.97 and a beta of 0.79.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th 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 1.76%. The ex-dividend date is Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) is presently 24.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OBK shares. DA Davidson upped their target price on Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 27th. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a report on Thursday, March 20th. Raymond James downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $42.20.

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.