Fisher Asset Management LLC Takes $1.55 Million Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Fisher Asset Management LLC bought a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,640 shares of the company's stock, valued at approximately $1,552,000. Fisher Asset Management LLC owned approximately 0.14% of Origin Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OBK. Nisa Investment Advisors LLC acquired a new position in Origin Bancorp during the 4th quarter worth $30,000. Carl Stuart Investment Advisor Inc. acquired a new position in Origin Bancorp during the 4th quarter worth $225,000. Tyche Wealth Partners LLC acquired a new position in Origin Bancorp during the 4th quarter worth $226,000. Raymond James Financial Services Advisors Inc. acquired a new position in Origin Bancorp during the 4th quarter worth $246,000. Finally, Denali Advisors LLC purchased a new stake in Origin Bancorp during the 4th quarter worth about $249,000. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

OBK traded up $0.19 during trading on Thursday, hitting $33.36. The stock had a trading volume of 86,256 shares, compared to its average volume of 112,163. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.59 and a beta of 0.96. The company's 50-day moving average price is $30.18 and its 200 day moving average price is $31.51. Origin Bancorp, Inc. has a twelve month low of $25.59 and a twelve month high of $36.91.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The company had revenue of $155.96 million for the quarter, compared to analysts' expectations of $88.80 million. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. During the same period in the previous year, the company posted $0.79 EPS. On average, equities research analysts forecast that Origin Bancorp, Inc. will post 2.62 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. Origin Bancorp's payout ratio is currently 22.64%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Piper Sandler reaffirmed a "neutral" rating and set a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. TheStreet downgraded Origin Bancorp from a "b-" rating to a "c+" rating in a report on Wednesday, March 13th. Raymond James boosted their target price on Origin Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Finally, DA Davidson reissued a "buy" rating on shares of Origin Bancorp in a report on Monday, January 15th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.33.

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.