Jackson Creek Investment Advisors LLC bought a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,877 shares of the company's stock, valued at approximately $1,487,000. Jackson Creek Investment Advisors LLC owned approximately 0.14% of Origin Bancorp at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC raised its position in shares of Origin Bancorp by 44.8% in 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. Pitcairn Co. raised its position in shares of Origin Bancorp by 4.2% in the fourth quarter. Pitcairn Co. now owns 8,577 shares of the company's stock worth $286,000 after buying an additional 343 shares in the last quarter. Comerica Bank raised its position in shares of 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 buying an additional 347 shares in the last quarter. Mariner LLC raised its position in shares of Origin Bancorp by 5.4% in the fourth quarter. Mariner LLC now owns 6,965 shares of the company's stock worth $232,000 after buying an additional 356 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Origin Bancorp by 46.7% in 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. Hedge funds and other institutional investors own 54.68% of the company's stock.
Origin Bancorp Trading Down 0.7%
Origin Bancorp stock traded down $0.26 during midday trading on Monday, reaching $37.87. The stock had a trading volume of 204,821 shares, compared to its average volume of 131,768. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.39 and a beta of 0.83. The company has a fifty day moving average of $35.33 and a 200 day moving average of $35.12.
Origin Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. Origin Bancorp's dividend payout ratio is presently 24.59%.
Wall Street Analyst Weigh In
OBK has been the topic of a number of recent research reports. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price 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. Finally, Raymond James Financial cut Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $42.20.
Read Our Latest Research Report on Origin Bancorp
Origin Bancorp Company Profile
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Free Report)
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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