Origin Bancorp, Inc. $OBK Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its holdings in Origin Bancorp by 26.8%, selling 26,163 shares and holding 71,525 shares after the sale.
• Origin Bancorp recently declared a quarterly dividend of $0.15 per share, resulting in an annualized payout of $0.60 and a yield of 1.7%.
• Several analyst firms have upgraded their price targets for Origin Bancorp to $45.00, with a consensus rating of "Buy" and a target price of $43.20.

Voya Investment Management LLC lowered its position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 26.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,525 shares of the company's stock after selling 26,163 shares during the period. Voya Investment Management LLC owned about 0.23% of Origin Bancorp worth $2,480,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OBK. CWM LLC grew its holdings in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after purchasing an additional 315 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Origin Bancorp by 46.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Origin Bancorp by 7.1% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Origin Bancorp by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company's stock valued at $555,000 after purchasing an additional 636 shares during the period. Finally, Invesco Ltd. raised its position in Origin Bancorp by 1.2% during the first quarter. Invesco Ltd. now owns 57,405 shares of the company's stock valued at $1,990,000 after purchasing an additional 657 shares during the period. Institutional investors own 54.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, July 28th. DA Davidson upped their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $43.20.

Origin Bancorp Stock Down 0.2%

Shares of Origin Bancorp stock traded down $0.09 during trading on Tuesday, reaching $35.95. The company's stock had a trading volume of 21,072 shares, compared to its average volume of 154,292. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 14.61 and a beta of 0.85. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The company has a 50-day simple moving average of $37.19 and a two-hundred day simple moving average of $35.06.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. 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.