Beacon Pointe Advisors LLC Takes $452,000 Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Beacon Pointe Advisors LLC bought a new stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,577 shares of the company's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of Origin Bancorp by 812.6% during the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after purchasing an additional 837 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp during the fourth quarter worth $48,000. KLP Kapitalforvaltning AS acquired a new position in shares of Origin Bancorp during the fourth quarter worth $183,000. Quantbot Technologies LP lifted its stake in shares of Origin Bancorp by 115.5% in the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after acquiring an additional 3,125 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Origin Bancorp during the 4th quarter valued at $219,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OBK shares. Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock 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 research note on Monday, January 27th. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Stephens reissued an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Origin Bancorp has a consensus rating of "Buy" and a consensus target price of $42.20.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK traded down $0.32 during mid-day trading on Friday, reaching $32.81. The company had a trading volume of 12,561 shares, compared to its average volume of 121,442. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $41.17. 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's 50-day moving average price is $33.07 and its 200-day moving average price is $34.67. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 13.34 and a beta of 0.79.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. Origin Bancorp's dividend payout ratio is currently 24.59%.

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.