Beacon Pointe Advisors LLC Makes New $452,000 Investment in Origin Bancorp, Inc. (NASDAQ:OBK)

Beacon Pointe Advisors LLC purchased a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 13,577 shares of the company's stock, valued at approximately $452,000.

Several other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock worth $31,000 after acquiring an additional 837 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Origin Bancorp in the fourth quarter worth approximately $48,000. KLP Kapitalforvaltning AS purchased a new stake in Origin Bancorp in the fourth quarter valued at approximately $183,000. Quantbot Technologies LP lifted its position in 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. Finally, Janney Montgomery Scott LLC purchased a new position in Origin Bancorp in the 4th quarter worth approximately $219,000. Institutional investors own 54.68% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stephens restated an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. DA Davidson upped their price objective 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 upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Raymond James cut shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $42.20.

Origin Bancorp Trading Up 2.1 %

Shares of OBK stock opened at $32.77 on Friday. The business has a 50-day moving average of $33.54 and a 200 day moving average of $34.69. 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, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.32 and a beta of 0.79.

Origin Bancorp Announces Dividend

The business also recently disclosed 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 1.83%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) is presently 24.59%.

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.

Want to see what other hedge funds are holding OBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Origin Bancorp, Inc. (NASDAQ:OBK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.