Linscomb Wealth Inc. Has $339,000 Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Key Points

• Linscomb Wealth Inc. reduced its holdings in Origin Bancorp by 49.5% during the first quarter, leaving it with shares valued at $339,000.
• Origin Bancorp recently announced a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 1.7%.
• Analysts have increased price targets for Origin Bancorp, with a consensus rating of "Buy" and an average target price of $43.20.

Linscomb Wealth Inc. lessened its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 49.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,773 shares of the company's stock after selling 9,598 shares during the quarter. Linscomb Wealth Inc.'s holdings in Origin Bancorp were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OBK. Rhino Investment Partners Inc acquired a new stake in Origin Bancorp during the 4th quarter valued at approximately $15,077,000. Nuveen LLC bought a new position in shares of Origin Bancorp during the 1st quarter worth approximately $4,357,000. Deprince Race & Zollo Inc. bought a new position in shares of Origin Bancorp during the 4th quarter worth approximately $3,836,000. Argent Advisors Inc. boosted its holdings in shares of Origin Bancorp by 870.3% during the 1st quarter. Argent Advisors Inc. now owns 109,767 shares of the company's stock worth $3,806,000 after buying an additional 98,454 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings 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 worth $5,709,000 after buying an additional 69,241 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Price Performance

Shares of OBK opened at $35.64 on Tuesday. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The business's fifty day moving average is $36.23 and its 200 day moving average is $35.37. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.11 billion, a P/E ratio of 14.49 and a beta of 0.81.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. Origin Bancorp's dividend payout ratio (DPR) is currently 26.79%.

Analyst Ratings Changes

A number of equities analysts have issued reports on OBK shares. DA Davidson increased 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. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $43.20.

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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