Origin Bancorp, Inc. (NASDAQ:OBK) Stock Position Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 118.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,930 shares of the company's stock after purchasing an additional 11,328 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of Origin Bancorp worth $697,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OBK. Sterling Capital Management LLC boosted its holdings in shares of Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after purchasing an additional 837 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp during the 4th quarter worth about $48,000. KLP Kapitalforvaltning AS acquired a new stake in Origin Bancorp during the 4th quarter worth approximately $183,000. Quantbot Technologies LP raised its holdings in 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 buying an additional 3,125 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Origin Bancorp during the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on OBK. Raymond James downgraded shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods lowered their target price on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Finally, DA Davidson boosted their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $42.20.

Origin Bancorp Stock Up 0.1%

Shares of Origin Bancorp stock traded up $0.03 during trading hours on Friday, hitting $34.17. 122,049 shares of the company's stock traded hands, compared to its average volume of 122,745. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. The company has a market cap of $1.06 billion, a PE ratio of 13.89 and a beta of 0.79. 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 stock has a 50 day simple moving average of $32.78 and a 200-day simple moving average of $34.74.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.76%. Origin Bancorp's dividend payout ratio is presently 24.59%.

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.