AWM Capital LLC Makes New $2.36 Million Investment in Origin Bancorp, Inc. (NASDAQ:OBK)

AWM Capital LLC purchased a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,205 shares of the company's stock, valued at approximately $2,355,000. Origin Bancorp makes up 0.4% of AWM Capital LLC's holdings, making the stock its 26th largest holding. AWM Capital LLC owned about 0.21% of Origin Bancorp as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Origin Bancorp in the fourth quarter valued at $30,000. First Horizon Advisors Inc. acquired a new stake in Origin Bancorp in the fourth quarter valued at $40,000. Quadrant Capital Group LLC bought a new stake in Origin Bancorp during the fourth quarter valued at $90,000. Amalgamated Bank bought a new stake in Origin Bancorp during the fourth quarter valued at $91,000. Finally, Brown Advisory Inc. bought a new stake in Origin Bancorp during the fourth quarter valued at $215,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Down 2.3 %

OBK stock traded down $0.79 during trading on Monday, reaching $33.03. The company had a trading volume of 103,767 shares, compared to its average volume of 109,952. The company has a market cap of $1.02 billion, a P/E ratio of 12.66 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96. Origin Bancorp, Inc. has a 52 week low of $26.68 and a 52 week high of $36.91. The business has a 50 day moving average of $30.53 and a 200 day moving average of $31.76.

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 for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. The business 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 8.17%. During the same quarter in the prior year, the company earned $0.79 earnings per share. As a group, sell-side analysts forecast that Origin Bancorp, Inc. will post 2.62 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, May 14th. Origin Bancorp's payout ratio is 22.64%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TheStreet cut shares of Origin Bancorp from a "b-" rating to a "c+" rating in a research report on Wednesday, March 13th. Piper Sandler reissued a "neutral" rating and set a $32.00 target price (up previously from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. Finally, Raymond James boosted their price target on shares of Origin Bancorp from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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