American Century Companies Inc. Acquires 73,668 Shares of Origin Bancorp, Inc. $OBK

Key Points

• American Century Companies Inc. increased its stake in Origin Bancorp by 12.3%, owning 2.16% of the company, valued at approximately $23.39 million.
• Five investment analysts rate Origin Bancorp's stock as a Buy, with recent price targets raised to $45.00.
• Origin Bancorp announced a quarterly dividend of $0.15 per share, equating to an annualized dividend yield of 1.6%.

American Century Companies Inc. grew its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674,593 shares of the company's stock after buying an additional 73,668 shares during the quarter. American Century Companies Inc. owned approximately 2.16% of Origin Bancorp worth $23,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Origin Bancorp by 27.6% during the first quarter. Russell Investments Group Ltd. now owns 218,797 shares of the company's stock valued at $7,586,000 after purchasing an additional 47,292 shares during the last quarter. Nuveen LLC bought a new stake in shares of Origin Bancorp during the first quarter valued at approximately $4,357,000. Invesco Ltd. grew its stake in shares of Origin Bancorp by 1.2% during the first quarter. Invesco Ltd. now owns 57,405 shares of the company's stock valued at $1,990,000 after purchasing an additional 657 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Origin Bancorp by 70.2% during the first quarter. Deutsche Bank AG now owns 45,654 shares of the company's stock valued at $1,583,000 after purchasing an additional 18,836 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Origin Bancorp by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,674,138 shares of the company's stock valued at $58,042,000 after purchasing an additional 34,456 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Price Performance

OBK remained flat at $38.96 during mid-day trading on Thursday. 8,696 shares of the company's stock traded hands, compared to its average volume of 149,120. The business's fifty day simple moving average is $36.94 and its two-hundred day simple moving average is $35.31. 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 firm has a market cap of $1.22 billion, a price-to-earnings ratio of 15.85 and a beta of 0.81. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 15th. Origin Bancorp's dividend payout ratio (DPR) is presently 26.79%.

Analyst Upgrades and Downgrades

OBK has been the topic of several research analyst reports. DA Davidson increased their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods increased their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $43.20.

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.