ProShare Advisors LLC bought a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,269 shares of the company's stock, valued at approximately $275,000.
Several other large investors have also recently made changes to their positions in OBK. Franklin Resources Inc. increased its position in shares of Origin Bancorp by 26.7% during the fourth quarter. Franklin Resources Inc. now owns 90,341 shares of the company's stock valued at $3,007,000 after acquiring an additional 19,020 shares in the last quarter. American Century Companies Inc. increased 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 valued at $20,005,000 after acquiring an additional 61,240 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $10,650,000 after acquiring an additional 195,293 shares in the last quarter. Barclays PLC increased its position in shares of Origin Bancorp by 79.9% during the third quarter. Barclays PLC now owns 78,187 shares of the company's stock valued at $2,515,000 after acquiring an additional 34,733 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Origin Bancorp by 118.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company's stock valued at $697,000 after acquiring an additional 11,328 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.
Origin Bancorp Stock Performance
Shares of OBK traded down $0.55 during trading hours on Wednesday, hitting $33.84. The stock had a trading volume of 305,612 shares, compared to its average volume of 126,882. 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 12 month low of $28.80 and a 12 month high of $41.17. The firm has a market capitalization of $1.05 billion, a PE ratio of 13.76 and a beta of 0.79. The stock has a fifty day moving average price of $32.33 and a 200 day moving average price of $34.77.
Origin Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, May 15th. Origin Bancorp's dividend payout ratio is presently 24.59%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Stephens reissued an "overweight" rating and set a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Raymond James downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $42.20.
Read Our Latest Analysis on OBK
Origin Bancorp Profile
(
Free Report)
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.
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