Dimensional Fund Advisors LP Boosts Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Dimensional Fund Advisors LP raised its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,150,054 shares of the company's stock after acquiring an additional 60,272 shares during the period. Dimensional Fund Advisors LP owned approximately 3.69% of Origin Bancorp worth $38,285,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Royce & Associates LP grew its position in Origin Bancorp by 1.6% in the 4th quarter. Royce & Associates LP now owns 977,088 shares of the company's stock valued at $32,527,000 after acquiring an additional 15,196 shares in the last quarter. American Century Companies Inc. grew its position in shares of Origin Bancorp by 11.3% during the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock worth $20,005,000 after buying an additional 61,240 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Origin Bancorp by 31.8% during the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock worth $15,196,000 after buying an additional 110,056 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Origin Bancorp by 156.7% during the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock worth $10,650,000 after buying an additional 195,293 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Origin Bancorp by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 243,484 shares of the company's stock valued at $8,106,000 after acquiring an additional 4,823 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OBK has been the topic of a number of recent analyst reports. Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods cut 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. DA Davidson upped their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Raymond James lowered Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Finally, Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $42.20.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK traded down $0.19 during trading hours on Friday, reaching $32.94. The stock had a trading volume of 76,992 shares, compared to its average volume of 122,027. The firm has a 50-day moving average of $32.98 and a 200-day moving average of $34.69. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 13.39 and a beta of 0.79. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp's payout ratio is currently 24.59%.

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.