Origin Bancorp, Inc. (NASDAQ:OBK) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 274,489 shares of the company's stock after buying an additional 18,654 shares during the period. Northern Trust Corp owned 0.88% of Origin Bancorp worth $9,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in OBK. Sterling Capital Management LLC raised its holdings in shares of Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after buying an additional 837 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp in the fourth quarter valued at about $48,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Origin Bancorp in the fourth quarter valued at about $183,000. Quantbot Technologies LP raised its holdings in shares of Origin Bancorp by 115.5% in the fourth 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 during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp in the fourth quarter valued at about $219,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

Shares of Origin Bancorp stock traded up $0.30 on Friday, reaching $33.41. 184,315 shares of the stock were exchanged, compared to its average volume of 123,859. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $32.58 and a two-hundred day moving average price of $34.83. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The firm has a market capitalization of $1.04 billion, a PE ratio of 13.58 and a beta of 0.79.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.80%. Origin Bancorp's payout ratio is currently 24.59%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OBK. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Stephens reiterated an "overweight" rating and set a $45.00 price target on shares of Origin Bancorp in a research note on Thursday, March 20th. DA Davidson boosted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Origin Bancorp presently has a consensus rating of "Buy" and an average price target of $42.20.

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.