Origin Bancorp, Inc. $OBK Shares Purchased by Curi RMB Capital LLC

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 increased its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210,000 shares of the company's stock after purchasing an additional 10,000 shares during the quarter. Curi RMB Capital LLC owned 0.67% of Origin Bancorp worth $7,281,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company's stock worth $35,000 after purchasing an additional 315 shares during the last quarter. Federated Hermes Inc. acquired a new position in Origin Bancorp during the first quarter worth $40,000. Nisa Investment Advisors LLC raised its holdings in Origin Bancorp by 46.7% during the first 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 last quarter. Comerica Bank raised its holdings in Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after purchasing an additional 347 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Origin Bancorp by 66,933.3% during the first quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock worth $139,000 after purchasing an additional 4,016 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted 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. DA Davidson raised their price target on Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $43.20.

Origin Bancorp Price Performance

Shares of NASDAQ:OBK opened at $39.04 on Friday. The company has a market cap of $1.22 billion, a P/E ratio of 15.87 and a beta of 0.85. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The business has a fifty day simple moving average of $37.38 and a 200-day simple moving average of $35.25.

Origin Bancorp Announces Dividend

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

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.

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