Curi RMB Capital LLC Boosts Stock Holdings in Origin Bancorp, Inc. $OBK

Key Points

• Curi RMB Capital LLC increased its stake in Origin Bancorp, owning 210,000 shares after a 5% rise, now valued at $7.28 million.
• Equities analysts have set a new consensus price target of $43.20 for Origin Bancorp, with ratings predominantly classified as "Buy".
• Origin Bancorp declared a quarterly dividend of $0.15 per share, representing an annual yield of 1.5% with a payout ratio of 26.79%.

Curi RMB Capital LLC boosted its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 5.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 210,000 shares of the company's stock after buying an additional 10,000 shares during the quarter. Curi RMB Capital LLC owned approximately 0.67% of Origin Bancorp worth $7,281,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. CWM LLC increased its holdings in Origin Bancorp by 44.8% in 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 last quarter. Federated Hermes Inc. bought a new stake in Origin Bancorp in the 1st quarter worth approximately $40,000. Nisa Investment Advisors LLC increased its stake in 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 purchasing an additional 400 shares during the period. Comerica Bank increased its stake in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after purchasing an additional 347 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Origin Bancorp by 66,933.3% in the first quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock worth $139,000 after acquiring an additional 4,016 shares during the period. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Trading Up 0.9%

Shares of OBK stock traded up $0.33 on Wednesday, reaching $38.27. 12,784 shares of the company's stock were exchanged, compared to its average volume of 146,394. The company's fifty day simple moving average is $37.52 and its 200 day simple moving average is $35.21. The stock has a market capitalization of $1.19 billion, a PE ratio of 15.56 and a beta of 0.84. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Origin Bancorp's payout ratio is 26.79%.

Analyst Ratings Changes

OBK has been the topic of several analyst reports. DA Davidson boosted their target price 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 increased 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $43.20.

Origin Bancorp Company 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.