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. lifted its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 674,593 shares of the company's stock after buying an additional 73,668 shares during the period. 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.

Several other institutional investors have also made changes to their positions in OBK. Sterling Capital Management LLC lifted its stake in Origin Bancorp by 812.6% during the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock worth $31,000 after purchasing an additional 837 shares during the last quarter. CWM LLC lifted its stake in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company's stock worth $35,000 after purchasing an additional 315 shares during the last quarter. Federated Hermes Inc. bought a new stake in Origin Bancorp during the first quarter worth $40,000. Nisa Investment Advisors LLC lifted its stake in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Comerica Bank lifted 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 last quarter. 54.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson upped their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Origin Bancorp presently has a consensus rating of "Buy" and a consensus price target of $43.20.

Origin Bancorp Trading Down 0.6%

Origin Bancorp stock traded down $0.2380 during trading hours on Monday, reaching $38.4420. 55,176 shares of the company's stock were exchanged, compared to its average volume of 150,668. 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 firm's 50 day simple moving average is $36.76 and its 200 day simple moving average is $35.26. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. The firm has a market capitalization of $1.20 billion, a PE ratio of 15.63 and a beta of 0.81.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Origin Bancorp's dividend payout ratio is 26.79%.

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.