Dynamic Technology Lab Private Ltd Makes New Investment in Origin Bancorp, Inc. $OBK

Key Points

• Dynamic Technology Lab Private Ltd has acquired 23,145 shares of Origin Bancorp, valued at approximately $803,000, representing about 0.07% of the company's total shares.
• The share price of Origin Bancorp (NASDAQ:OBK) has increased by 0.8%, with a 52-week range between $28.80 and $41.17, and a current market capitalization of $1.22 billion.
• Origin Bancorp recently declared a quarterly dividend of $0.15 per share, contributing to an annualized yield of 1.5% and a payout ratio of 26.79%.

Dynamic Technology Lab Private Ltd bought a new stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,145 shares of the company's stock, valued at approximately $803,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Origin Bancorp as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in OBK. Price T Rowe Associates Inc. MD raised its position in shares of Origin Bancorp by 118.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company's stock valued at $697,000 after purchasing an additional 11,328 shares in the last quarter. Northern Trust Corp raised its position in shares of Origin Bancorp by 7.3% in the 4th quarter. Northern Trust Corp now owns 274,489 shares of the company's stock valued at $9,138,000 after purchasing an additional 18,654 shares in the last quarter. Comerica Bank raised its position in shares of 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 in the last quarter. Jane Street Group LLC raised its position in shares of Origin Bancorp by 118.5% in the 4th quarter. Jane Street Group LLC now owns 59,614 shares of the company's stock valued at $1,985,000 after purchasing an additional 32,326 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Origin Bancorp by 14.6% in the 4th quarter. Bank of America Corp DE now owns 51,040 shares of the company's stock valued at $1,699,000 after purchasing an additional 6,486 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

Shares of OBK stock traded up $0.03 on Friday, hitting $35.39. 334,894 shares of the stock traded hands, compared to its average volume of 151,898. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.11 billion, a PE ratio of 14.39 and a beta of 0.85. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The company's fifty day moving average is $37.42 and its 200 day moving average is $35.14.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.7%. Origin Bancorp's dividend payout ratio (DPR) is currently 26.79%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OBK. Keefe, Bruyette & Woods upped their target price on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. DA Davidson upped their price target on Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Origin Bancorp has an average rating of "Buy" and a consensus target price of $43.20.

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.