125,671 Shares in Origin Bancorp, Inc. $OBK Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a stake in Origin Bancorp, purchasing 125,671 shares valued at approximately $4.36 million, representing 0.40% ownership of the company.
• Origin Bancorp's quarterly dividend of $0.15 will be paid on August 29th, providing a 1.5% yield and a dividend payout ratio of 26.79%.
• Analysts have adjusted their price targets for Origin Bancorp to $45.00, with a consensus rating of "Buy" and an average price target of $43.20.

Nuveen LLC bought a new stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 125,671 shares of the company's stock, valued at approximately $4,357,000. Nuveen LLC owned approximately 0.40% of Origin Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OBK. Invesco Ltd. lifted its stake in shares of Origin Bancorp by 1.2% during the 1st quarter. Invesco Ltd. now owns 57,405 shares of the company's stock worth $1,990,000 after purchasing an additional 657 shares during the period. Deutsche Bank AG lifted its stake in shares of Origin Bancorp by 70.2% during the 1st quarter. Deutsche Bank AG now owns 45,654 shares of the company's stock worth $1,583,000 after purchasing an additional 18,836 shares during the period. Vanguard Group Inc. lifted its stake in shares of Origin Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 1,674,138 shares of the company's stock worth $58,042,000 after purchasing an additional 34,456 shares during the period. Natixis Advisors LLC lifted its stake in shares of Origin Bancorp by 6.9% during the 1st quarter. Natixis Advisors LLC now owns 13,872 shares of the company's stock worth $481,000 after purchasing an additional 890 shares during the period. Finally, Federated Hermes Inc. purchased a new position in shares of Origin Bancorp during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Down 0.1%

NASDAQ:OBK traded down $0.02 on Friday, reaching $38.89. The stock had a trading volume of 105,540 shares, compared to its average volume of 149,324. 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 company has a 50-day moving average of $37.13 and a 200 day moving average of $35.29. The stock has a market cap of $1.21 billion, a P/E ratio of 15.81 and a beta of 0.81. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 15th. Origin Bancorp's dividend payout ratio is presently 26.79%.

Analyst Ratings Changes

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

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.