Empowered Funds LLC Grows Stake in Origin Bancorp, Inc. $OBK

Key Points

• Empowered Funds LLC increased its stake in Origin Bancorp, acquiring an additional 22,963 shares and raising its total holdings by 25.6% in the first quarter, bringing its total ownership to 112,752 shares valued at approximately $3.9 million.
• Several institutional investors, including CWM LLC and Nisa Investment Advisors LLC, have also boosted their positions in Origin Bancorp, contributing to a collective institutional ownership of 54.68%.
• Origin Bancorp recently announced a quarterly dividend of $0.15 per share, representing a 1.7% yield, while analysts project a target price increase for the stock from $41 to $45, with a consensus rating of "Buy".

Empowered Funds LLC boosted its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 25.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,752 shares of the company's stock after purchasing an additional 22,963 shares during the quarter. Empowered Funds LLC owned approximately 0.36% of Origin Bancorp worth $3,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Origin Bancorp by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company's stock valued at $22,660,000 after acquiring an additional 20,146 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Origin Bancorp during the 1st quarter valued at $803,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Origin Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company's stock valued at $605,000 after buying an additional 775 shares during the period. Curi RMB Capital LLC raised its holdings in Origin Bancorp by 5.0% during the 1st quarter. Curi RMB Capital LLC now owns 210,000 shares of the company's stock valued at $7,281,000 after buying an additional 10,000 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in Origin Bancorp by 15.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 175,974 shares of the company's stock valued at $6,101,000 after buying an additional 22,963 shares during the period. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Trading Up 2.3%

Shares of Origin Bancorp stock traded up $0.81 during trading hours on Thursday, hitting $36.31. The company's stock had a trading volume of 43,185 shares, compared to its average volume of 152,643. The firm has a fifty day moving average of $37.28 and a 200-day moving average of $35.11. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. 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 stock has a market cap of $1.13 billion, a price-to-earnings ratio of 14.76 and a beta of 0.85.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.7%. Origin Bancorp's dividend payout ratio is presently 26.79%.

Analyst Upgrades and Downgrades

OBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. DA Davidson increased their target price on Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Origin Bancorp currently 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.