Jackson Creek Investment Advisors LLC Takes $1.49 Million Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Jackson Creek Investment Advisors LLC bought a new position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhino Investment Partners Inc bought a new position in Origin Bancorp in the 4th quarter worth approximately $15,077,000. Deprince Race & Zollo Inc. bought a new position in Origin Bancorp in the 4th quarter worth approximately $3,836,000. Argent Advisors Inc. boosted its stake in Origin Bancorp by 870.3% in the 1st quarter. Argent Advisors Inc. now owns 109,767 shares of the company's stock worth $3,806,000 after purchasing an additional 98,454 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Origin Bancorp by 67.7% during the 4th quarter. Russell Investments Group Ltd. now owns 171,505 shares of the company's stock valued at $5,709,000 after acquiring an additional 69,241 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Origin Bancorp by 85.1% during the 4th quarter. JPMorgan Chase & Co. now owns 135,115 shares of the company's stock valued at $4,498,000 after acquiring an additional 62,129 shares during the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Price Performance

Shares of OBK traded down $0.11 during trading hours on Friday, hitting $38.13. 9,699 shares of the stock were exchanged, compared to its average volume of 131,019. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 15.64 and a beta of 0.83. The stock's 50-day moving average price is $35.22 and its two-hundred day moving average price is $35.06.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) is presently 24.59%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. 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. Stephens restated an "overweight" rating and set a $45.00 price target on shares of Origin Bancorp in a research note on Thursday, March 20th. Finally, Raymond James Financial lowered Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Origin Bancorp currently has an average rating of "Buy" and an average target price of $42.20.

About Origin Bancorp

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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