Origin Bancorp, Inc. (NASDAQ:OBK) Stock Position Reduced by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,474 shares of the company's stock after selling 15,006 shares during the quarter. Tributary Capital Management LLC owned 1.41% of Origin Bancorp worth $15,306,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Origin Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,150,054 shares of the company's stock valued at $38,285,000 after acquiring an additional 60,272 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock valued at $20,005,000 after buying an additional 61,240 shares during the last quarter. Rhino Investment Partners Inc acquired a new position in shares of Origin Bancorp during the 4th quarter worth approximately $15,077,000. Northern Trust Corp increased its holdings in Origin Bancorp by 7.3% in the fourth quarter. Northern Trust Corp now owns 274,489 shares of the company's stock valued at $9,138,000 after buying an additional 18,654 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Origin Bancorp by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 243,484 shares of the company's stock worth $8,106,000 after buying an additional 4,823 shares during the period. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Trading Up 2.1%

OBK stock traded up $0.78 during midday trading on Thursday, reaching $38.26. The company's stock had a trading volume of 136,066 shares, compared to its average volume of 131,500. The stock has a fifty day simple moving average of $35.12 and a two-hundred day simple moving average of $35.02. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $41.17. 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 firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.55 and a beta of 0.83.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. 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 topic of several research reports. Raymond James Financial lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $42.20.

About Origin Bancorp

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.