Chickasaw Capital Management LLC Makes New $750,000 Investment in Origin Bancorp, Inc. (NASDAQ:OBK)

Chickasaw Capital Management LLC purchased a new position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,625 shares of the company's stock, valued at approximately $750,000. Chickasaw Capital Management LLC owned about 0.07% of Origin Bancorp as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Origin Bancorp by 812.6% in 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. Comerica Bank lifted its stake in 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 purchasing an additional 347 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Origin Bancorp by 66,933.3% during the first quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock valued at $139,000 after acquiring an additional 4,016 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Origin Bancorp during the fourth quarter valued at about $183,000. Finally, Quantbot Technologies LP raised its stake in shares of Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after acquiring an additional 3,125 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OBK has been the subject of several recent analyst reports. Raymond James downgraded shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Finally, Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Origin Bancorp has a consensus rating of "Buy" and a consensus target price of $42.20.

Origin Bancorp Trading Up 1.7%

OBK stock traded up $0.59 during trading on Friday, reaching $34.59. The company had a trading volume of 83,561 shares, compared to its average volume of 127,313. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a market cap of $1.08 billion, a P/E ratio of 14.06 and a beta of 0.79. The business has a 50 day moving average of $32.32 and a 200 day moving average of $34.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) 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.