Deprince Race & Zollo Inc. Makes New $3.84 Million Investment in Origin Bancorp, Inc. (NASDAQ:OBK)

Deprince Race & Zollo Inc. purchased a new stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 115,219 shares of the company's stock, valued at approximately $3,836,000. Deprince Race & Zollo Inc. owned 0.37% of Origin Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sterling Capital Management LLC boosted its holdings in shares of Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after buying an additional 837 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp in the 4th quarter valued at about $48,000. Comerica Bank lifted its stake in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after purchasing an additional 347 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Origin Bancorp during the fourth quarter worth approximately $183,000. Finally, Quantbot Technologies LP raised its stake in Origin Bancorp by 115.5% in the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after buying an additional 3,125 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Down 0.3%

Shares of OBK stock traded down $0.10 during trading hours on Wednesday, hitting $34.21. 22,173 shares of the company's stock traded hands, compared to its average volume of 122,212. The stock has a market cap of $1.07 billion, a PE ratio of 13.91 and a beta of 0.79. The stock's 50 day simple moving average is $32.87 and its 200 day simple moving average is $34.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17.

Origin Bancorp Announces Dividend

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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp's payout ratio is presently 24.59%.

Analysts Set New Price Targets

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

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.