10,884 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by Advisor Resource Council

Advisor Resource Council bought a new position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,884 shares of the company's stock, valued at approximately $377,000.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Origin Bancorp by 156.7% in the 4th 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 last quarter. US Bancorp DE raised its holdings in shares of Origin Bancorp by 12.4% during the fourth quarter. US Bancorp DE now owns 6,683 shares of the company's stock valued at $222,000 after acquiring an additional 736 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $8,106,000 after acquiring an additional 4,823 shares during the period. Victory Capital Management Inc. lifted its stake in Origin Bancorp by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 41,369 shares of the company's stock worth $1,377,000 after acquiring an additional 2,569 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Origin Bancorp during the 4th quarter valued at $807,000. Hedge funds and other institutional investors own 54.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OBK shares. Keefe, Bruyette & Woods cut their target price on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Stephens restated an "overweight" rating and issued a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, March 20th. Raymond James Financial downgraded 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. Finally, Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $42.20.

Origin Bancorp Stock Up 2.3%

Shares of NASDAQ OBK traded up $0.81 on Tuesday, reaching $35.90. 68,122 shares of the company's stock traded hands, compared to its average volume of 130,879. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business's 50 day simple moving average is $33.25 and its two-hundred day simple moving average is $34.75. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 14.59 and a beta of 0.83.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Thursday, May 15th. Origin Bancorp's payout ratio is 24.59%.

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.