15,551 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,551 shares of the company's stock, valued at approximately $518,000.

Several other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its stake in Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after buying an additional 837 shares in the last quarter. Comerica Bank lifted its stake in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after buying an additional 347 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Origin Bancorp in the 4th quarter valued at approximately $183,000. Quantbot Technologies LP lifted its stake in Origin Bancorp by 115.5% in the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after buying an additional 3,125 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Origin Bancorp in the 4th quarter valued at approximately $219,000. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Up 1.7%

NASDAQ:OBK traded up $0.59 during mid-day trading on Friday, reaching $34.59. The stock had a trading volume of 83,561 shares, compared to its average volume of 127,636. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.06 and a beta of 0.83. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The stock's 50 day simple moving average is $32.32 and its two-hundred day simple moving average is $34.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. Origin Bancorp's payout ratio is currently 24.59%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OBK. Raymond James lowered Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods cut their price objective on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $42.20.

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.