Royce & Associates LP reduced its position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 958,140 shares of the company's stock after selling 18,948 shares during the quarter. Royce & Associates LP owned approximately 3.07% of Origin Bancorp worth $33,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of OBK. Raymond James Financial Inc. purchased a new stake in Origin Bancorp in the fourth quarter worth $807,000. Natixis Advisors LLC grew its position in shares of Origin Bancorp by 17.8% in the fourth quarter. Natixis Advisors LLC now owns 12,982 shares of the company's stock valued at $432,000 after purchasing an additional 1,958 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Origin Bancorp in the fourth quarter valued at $782,000. Quantbot Technologies LP grew its position in shares of Origin Bancorp by 115.5% in the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after purchasing an additional 3,125 shares in the last quarter. Finally, American Century Companies Inc. grew its position 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 valued at $20,005,000 after purchasing an additional 61,240 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Raymond James Financial cut Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price target on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Origin Bancorp has an average rating of "Buy" and a consensus price target of $42.20.
View Our Latest Analysis on Origin Bancorp
Origin Bancorp Price Performance
NASDAQ:OBK traded up $0.04 during trading hours on Friday, hitting $37.51. 132,503 shares of the company's stock traded hands, compared to its average volume of 151,669. The firm has a market cap of $1.17 billion, a P/E ratio of 15.25 and a beta of 0.83. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The business's fifty day simple moving average is $35.68 and its two-hundred day simple moving average is $35.24. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, August 15th. Origin Bancorp's dividend payout ratio is 26.79%.
Origin Bancorp Profile
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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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