Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 958,140 shares of the company's stock after selling 18,948 shares during the quarter. Royce & Associates LP owned 3.07% of Origin Bancorp worth $33,219,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of OBK. Sterling Capital Management LLC increased its holdings in shares of Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after purchasing an additional 837 shares in the last quarter. CWM LLC increased its holdings in shares of Origin Bancorp by 44.8% in the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after purchasing an additional 315 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings 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 valued at $44,000 after purchasing an additional 400 shares in the last quarter. Comerica Bank increased its holdings 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 in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Origin Bancorp by 66,933.3% in the 1st quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock valued at $139,000 after purchasing an additional 4,016 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Trading Up 1.6%

Shares of Origin Bancorp stock traded up $0.60 during mid-day trading on Monday, hitting $38.07. 118,808 shares of the stock were exchanged, compared to its average volume of 151,436. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.48 and a beta of 0.83. The company has a 50-day simple moving average of $35.68 and a 200 day simple moving average of $35.27. 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 company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Origin Bancorp's dividend payout ratio is currently 26.79%.

Analysts Set New Price Targets

OBK has been the topic of a number of research reports. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods increased their price objective on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday. Raymond James Financial cut shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Finally, DA Davidson increased their price objective on shares of Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a research note on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $43.20.

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.