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

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC boosted its holdings in Origin Bancorp by 44.8% in the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock worth $35,000 after buying an additional 315 shares during the period. Comerica Bank boosted its holdings in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after buying an additional 347 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after buying an additional 400 shares during the period. New York State Common Retirement Fund boosted its holdings 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 buying an additional 600 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Origin Bancorp by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company's stock worth $555,000 after buying an additional 636 shares during the period. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Stock Performance

Origin Bancorp stock opened at $35.39 on Friday. The firm's fifty day moving average price is $37.42 and its 200-day moving average price is $35.18. 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 $1.11 billion, a P/E ratio of 14.39 and a beta of 0.85. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. Origin Bancorp's dividend payout ratio (DPR) is 26.79%.

Analysts Set New Price Targets

Several research firms recently commented on OBK. DA Davidson raised their price objective on shares of 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 increased their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Five equities research 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 target price of $43.20.

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.

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