Argent Advisors Inc. Raises Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Argent Advisors Inc. increased its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 870.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,767 shares of the company's stock after buying an additional 98,454 shares during the period. Origin Bancorp comprises about 1.3% of Argent Advisors Inc.'s holdings, making the stock its 18th largest position. Argent Advisors Inc. owned about 0.35% of Origin Bancorp worth $3,806,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OBK. Sterling Capital Management LLC increased its position 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 buying an additional 837 shares in the last quarter. Comerica Bank boosted its stake in shares of Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after acquiring an additional 347 shares during the last quarter. GAMMA Investing LLC increased its position in Origin Bancorp by 66,933.3% during the 1st quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock worth $139,000 after purchasing an additional 4,016 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Origin Bancorp during the 4th quarter worth about $183,000. Finally, Quantbot Technologies LP raised its stake in Origin Bancorp by 115.5% in the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after purchasing an additional 3,125 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 1.3%

OBK traded up $0.50 during midday trading on Thursday, hitting $37.95. The company's stock had a trading volume of 61,423 shares, compared to its average volume of 132,368. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.18 billion, a P/E ratio of 15.43 and a beta of 0.83. The firm has a 50-day moving average price of $34.02 and a two-hundred day moving average price of $34.76. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17.

Origin Bancorp Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.58%. Origin Bancorp's payout ratio is 24.59%.

Wall Street Analysts Forecast Growth

OBK has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their price target 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. Raymond James Financial lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Stephens restated an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. Finally, Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $42.20.

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.