Bridgeway Capital Management LLC Acquires 22,963 Shares of Origin Bancorp, Inc. $OBK

Key Points

• Bridgeway Capital Management LLC increased its stake in Origin Bancorp by 15.0%, acquiring an additional 22,963 shares to now hold 175,974 shares valued at approximately $6.1 million.
• Several hedge funds have made significant investments in Origin Bancorp, with 54.68% of the stock now owned by institutional investors.
• Analysts have collectively rated Origin Bancorp as a "Buy" with a consensus price target of $43.20, reflecting confidence in the company's growth potential.

Bridgeway Capital Management LLC grew its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 15.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 175,974 shares of the company's stock after buying an additional 22,963 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.56% of Origin Bancorp worth $6,101,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in shares of 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 acquiring an additional 315 shares during the last quarter. Comerica Bank lifted its holdings in shares of Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after buying an additional 347 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. New York State Common Retirement Fund increased its stake in Origin Bancorp by 7.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,046 shares of the company's stock worth $314,000 after purchasing an additional 600 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Origin Bancorp by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company's stock valued at $555,000 after purchasing an additional 636 shares in the last quarter. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Performance

OBK stock traded down $0.43 during midday trading on Friday, reaching $38.66. The company had a trading volume of 94,932 shares, compared to its average volume of 147,823. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17. The firm has a market capitalization of $1.21 billion, a PE ratio of 15.72 and a beta of 0.85. The stock has a 50 day moving average price of $37.44 and a 200 day moving average price of $35.18. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Origin Bancorp's dividend payout ratio is 26.79%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OBK shares. DA Davidson boosted their price target on 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 raised their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $43.20.

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.