Origin Bancorp, Inc. $OBK is Rhino Investment Partners Inc's 8th Largest Position

Key Points

• Rhino Investment Partners Inc increased its stake in Origin Bancorp by 10.0%, making it the company's 8th largest holding with approximately 1.60% ownership worth $17.3 million.
• Origin Bancorp recently declared a quarterly dividend of $0.15, which results in an annualized dividend of $0.60 and a yield of 1.6%.
• Analysts have upgraded Origin Bancorp's stock rating, with five analysts rating it as a "Buy" and setting a consensus target price of $43.20.

Rhino Investment Partners Inc raised its position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 10.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 498,214 shares of the company's stock after purchasing an additional 45,317 shares during the period. Origin Bancorp accounts for approximately 4.3% of Rhino Investment Partners Inc's portfolio, making the stock its 8th largest position. Rhino Investment Partners Inc owned 1.60% of Origin Bancorp worth $17,273,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in Origin Bancorp by 812.6% during the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock worth $31,000 after buying an additional 837 shares during the last quarter. CWM LLC grew its holdings in Origin Bancorp by 44.8% during the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock worth $35,000 after acquiring an additional 315 shares during the period. Federated Hermes Inc. bought a new position in shares of Origin Bancorp in the 1st quarter worth about $40,000. Nisa Investment Advisors LLC raised its position in shares of Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after purchasing an additional 347 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

OBK stock traded up $1.5980 during midday trading on Friday, hitting $38.6980. The company's stock had a trading volume of 188,707 shares, compared to its average volume of 151,265. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 15.73 and a beta of 0.81. 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 stock's 50-day moving average price is $36.68 and its 200 day moving average price is $35.31. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $41.17.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Origin Bancorp's dividend payout ratio (DPR) is 26.79%.

Wall Street Analyst Weigh In

A number of research firms have issued reports 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 report on Monday, July 28th. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average 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.