Russell Investments Group Ltd. Has $7.59 Million Position in Origin Bancorp, Inc. $OBK

Key Points

• Russell Investments Group Ltd. increased its stake in Origin Bancorp, Inc. by 27.6%, holding 218,797 shares valued at approximately $7.59 million.
• Origin Bancorp plans to pay a quarterly dividend of $0.15 on August 29th, with a current annualized yield of 1.6%.
• Wall Street analysts have a consensus Buy rating for Origin Bancorp, with a revised average price target of $43.20.

Russell Investments Group Ltd. increased its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,797 shares of the company's stock after buying an additional 47,292 shares during the period. Russell Investments Group Ltd. owned about 0.70% of Origin Bancorp worth $7,586,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC boosted its position 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 buying an additional 315 shares during the period. Comerica Bank boosted its position in Origin Bancorp by 13.0% during the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after buying an additional 347 shares during the period. Mariner LLC boosted its position in Origin Bancorp by 5.4% during the 4th quarter. Mariner LLC now owns 6,965 shares of the company's stock worth $232,000 after buying an additional 356 shares during the period. Nisa Investment Advisors LLC boosted its position in Origin Bancorp by 46.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after buying an additional 400 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Origin Bancorp by 7.1% during the 1st quarter. New York State Common Retirement Fund now owns 9,046 shares of the company's stock worth $314,000 after buying an additional 600 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Down 0.6%

Shares of NASDAQ:OBK traded down $0.2380 during trading on Monday, reaching $38.4420. The stock had a trading volume of 55,176 shares, compared to its average volume of 150,668. The firm's fifty day moving average is $36.76 and its 200 day moving average is $35.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 15.63 and a beta of 0.81.

Origin Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

OBK has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. DA Davidson upped 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, July 28th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Origin Bancorp presently has an average rating of "Buy" and a consensus price target 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.