Deutsche Bank AG Grows Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

Deutsche Bank AG grew its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 58.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,818 shares of the company's stock after purchasing an additional 9,887 shares during the period. Deutsche Bank AG owned approximately 0.09% of Origin Bancorp worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sterling Capital Management LLC boosted its position in Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after buying an additional 837 shares during the last quarter. Comerica Bank boosted its position in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after buying an additional 347 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Origin Bancorp in the 4th quarter valued at $183,000. Quantbot Technologies LP boosted its position 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 buying an additional 3,125 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Origin Bancorp in the 4th quarter valued at $219,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Stock Up 0.1%

Shares of OBK stock traded up $0.05 on Friday, reaching $34.19. 137,118 shares of the company were exchanged, compared to its average volume of 125,443. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 13.90 and a beta of 0.79. The company has a 50-day moving average of $32.42 and a 200-day moving average of $34.78. 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, Inc. has a one year low of $28.80 and a one year high of $41.17.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.76%. Origin Bancorp's payout ratio is 24.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on 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 downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Stephens reiterated an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, March 20th. Finally, Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $42.20.

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.