Millennium Management LLC Sells 35,058 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Millennium Management LLC decreased its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,336 shares of the company's stock after selling 35,058 shares during the period. Millennium Management LLC owned approximately 0.16% of Origin Bancorp worth $1,609,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pitcairn Co. lifted its holdings in shares of Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company's stock valued at $286,000 after acquiring an additional 343 shares during the last quarter. Comerica Bank lifted its holdings in shares of 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 acquiring an additional 347 shares during the last quarter. Mariner LLC lifted its holdings in shares of Origin Bancorp by 5.4% in the 4th quarter. Mariner LLC now owns 6,965 shares of the company's stock valued at $232,000 after acquiring an additional 356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $555,000 after acquiring an additional 636 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Origin Bancorp by 8.0% in the 4th quarter. LPL Financial LLC now owns 9,755 shares of the company's stock valued at $325,000 after acquiring an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Trading Up 1.7%

NASDAQ OBK traded up $0.59 during trading on Friday, hitting $34.59. The stock had a trading volume of 83,561 shares, compared to its average volume of 127,313. 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 capitalization of $1.08 billion, a price-to-earnings ratio of 14.06 and a beta of 0.79. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $41.17. The stock has a 50 day simple moving average of $32.32 and a 200 day simple moving average of $34.77.

Origin Bancorp Dividend Announcement

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

Analysts Set New Price Targets

OBK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Stephens reaffirmed an "overweight" rating and issued a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Finally, Raymond James downgraded shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock 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, Origin Bancorp currently has a consensus 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.