Deutsche Bank AG Acquires 18,836 Shares of Origin Bancorp, Inc. $OBK

Key Points

• Deutsche Bank AG raised its holdings in Origin Bancorp, Inc. by 70.2% during the 1st quarter, owning 45,654 shares valued at approximately $1.58 million.
• Analysts have a consensus rating of "Buy" for Origin Bancorp, with recent price targets increased to $45.00 from $41.00, reflecting positive market sentiment.
• Origin Bancorp announced a quarterly dividend of $0.15, which translates to an annual yield of 1.6% and a payout ratio of 26.79%.

Deutsche Bank AG lifted its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 70.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,654 shares of the company's stock after purchasing an additional 18,836 shares during the quarter. Deutsche Bank AG owned 0.15% of Origin Bancorp worth $1,583,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of 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 period. CWM LLC grew its holdings 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 buying an additional 315 shares in the last quarter. Federated Hermes Inc. bought a new stake in Origin Bancorp during the first quarter worth $40,000. Nisa Investment Advisors LLC grew its holdings 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 buying an additional 400 shares in the last quarter. Finally, Comerica Bank grew its holdings 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 buying an additional 347 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBK has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. DA Davidson upped 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. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Origin Bancorp presently has an average rating of "Buy" and an average target price of $43.20.

Origin Bancorp Stock Performance

NASDAQ:OBK traded down $0.04 during trading on Thursday, reaching $38.92. The company's stock had a trading volume of 84,536 shares, compared to its average volume of 149,592. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 15.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50 day moving average of $37.03 and a 200-day moving average of $35.31. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 15th. Origin Bancorp's dividend payout ratio is 26.79%.

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.