Tributary Capital Management LLC decreased its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure 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.
A number of other hedge funds also recently made changes to their positions in OBK. Advisor Resource Council acquired a new position in Origin Bancorp during the first quarter worth $377,000. Franklin Resources Inc. increased its holdings in Origin Bancorp by 26.7% during the 4th quarter. Franklin Resources Inc. now owns 90,341 shares of the company's stock worth $3,007,000 after purchasing an additional 19,020 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Origin Bancorp by 11.3% in the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock worth $20,005,000 after purchasing an additional 61,240 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Origin Bancorp by 118.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company's stock valued at $697,000 after buying an additional 11,328 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Origin Bancorp by 58.4% during the fourth quarter. Deutsche Bank AG now owns 26,818 shares of the company's stock worth $893,000 after buying an additional 9,887 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
OBK has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered their price objective on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Raymond James Financial lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Finally, Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Origin Bancorp presently has a consensus rating of "Buy" and an average target price of $42.20.
Check Out Our Latest Research Report on OBK
Origin Bancorp Stock Performance
Shares of Origin Bancorp stock traded down $0.15 during midday trading on Friday, hitting $38.09. The company had a trading volume of 111,936 shares, compared to its average volume of 131,474. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $35.10. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 15.48 and a beta of 0.83.
Origin Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.58%. Origin Bancorp's dividend payout ratio (DPR) is presently 24.59%.
Origin Bancorp Profile
(
Free Report)
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.
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