Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,011 shares of the company's stock after selling 9,996 shares during the period. Bridgeway Capital Management LLC owned about 0.49% of Origin Bancorp worth $5,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Origin Bancorp by 26.7% during the 4th quarter. Franklin Resources Inc. now owns 90,341 shares of the company's stock worth $3,007,000 after buying an additional 19,020 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Origin Bancorp by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company's stock valued at $2,347,000 after purchasing an additional 32,619 shares during the last quarter. American Century Companies Inc. boosted its position in Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock valued at $20,005,000 after purchasing an additional 61,240 shares during the period. Barclays PLC lifted its stake in Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company's stock valued at $2,515,000 after buying an additional 34,733 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Origin Bancorp by 156.7% in the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock worth $10,650,000 after acquiring an additional 195,293 shares during the period. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $32.27 on Thursday. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.01 billion, a PE ratio of 13.12 and a beta of 0.79. The company's 50-day moving average price is $33.18 and its two-hundred day moving average price is $34.66.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp's dividend payout ratio is presently 24.59%.

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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