Advisor Resource Council Acquires New Position in Origin Bancorp, Inc. (NASDAQ:OBK)

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

A number of other institutional investors have also bought and sold shares of OBK. Pitcairn Co. boosted its position in shares of Origin Bancorp by 4.2% during the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company's stock valued at $286,000 after acquiring an additional 343 shares during the last quarter. Comerica Bank raised its stake in Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after purchasing an additional 347 shares during the period. Mariner LLC grew its stake in shares of Origin Bancorp by 5.4% in the 4th quarter. Mariner LLC now owns 6,965 shares of the company's stock valued at $232,000 after buying an additional 356 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Origin Bancorp by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company's stock worth $555,000 after buying an additional 636 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Origin Bancorp by 8.0% during the 4th quarter. LPL Financial LLC now owns 9,755 shares of the company's stock valued at $325,000 after buying an additional 726 shares during the period. 54.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on OBK shares. Stephens reiterated 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 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. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Finally, Raymond James Financial lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Origin Bancorp has an average rating of "Buy" and an average price target of $42.20.

Origin Bancorp Trading Up 1.6%

NASDAQ:OBK traded up $0.57 during trading hours on Thursday, reaching $36.00. 148,481 shares of the stock were exchanged, compared to its average volume of 131,960. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. The business has a 50-day moving average of $33.47 and a two-hundred day moving average of $34.76. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.63 and a beta of 0.83. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. Origin Bancorp's dividend payout ratio is presently 24.59%.

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.