Northern Trust Corp Has $9.16 Million Position in Origin Bancorp, Inc. $OBK

Key Points

• Northern Trust Corp has decreased its stake in Origin Bancorp, Inc. by 3.8% in Q1, now holding 264,063 shares valued at approximately $9.16 million.
• Origin Bancorp recently declared a quarterly dividend of $0.15 per share, with a dividend yield of 1.6% and a payout ratio of 26.79%.
• Analysts have upgraded their price target for Origin Bancorp to $45.00, with a consensus rating of "Buy" from multiple brokerages.

Northern Trust Corp lessened its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,063 shares of the company's stock after selling 10,426 shares during the quarter. Northern Trust Corp owned about 0.85% of Origin Bancorp worth $9,155,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in shares of Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after acquiring an additional 315 shares during the period. Federated Hermes Inc. bought a new stake in Origin Bancorp during the first quarter worth approximately $40,000. Nisa Investment Advisors LLC boosted its holdings in Origin Bancorp by 46.7% during 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. Comerica Bank boosted its holdings in Origin Bancorp by 13.0% during 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. Finally, GAMMA Investing LLC boosted its holdings in Origin Bancorp by 66,933.3% during the first quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock worth $139,000 after buying an additional 4,016 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OBK shares. Keefe, Bruyette & Woods raised their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. DA Davidson raised their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Origin Bancorp has an average rating of "Buy" and an average price target of $43.20.

Origin Bancorp Stock Up 0.8%

Shares of NASDAQ:OBK traded up $0.30 during trading on Monday, reaching $38.95. 78,566 shares of the company traded hands, compared to its average volume of 147,415. The firm has a fifty day simple moving average of $37.50 and a 200 day simple moving average of $35.19. The firm has a market cap of $1.22 billion, a P/E ratio of 15.83 and a beta of 0.85. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. Origin Bancorp's dividend payout ratio (DPR) is 26.79%.

Origin Bancorp 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.