Bridgeway Capital Management LLC reduced its position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,011 shares of the company's stock after selling 9,996 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.49% of Origin Bancorp worth $5,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pitcairn Co. boosted its position in shares of Origin Bancorp by 4.2% during the fourth quarter. Pitcairn Co. now owns 8,577 shares of the company's stock worth $286,000 after acquiring an additional 343 shares during the last quarter. Comerica Bank increased its holdings in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after acquiring an additional 347 shares during the last quarter. Mariner LLC lifted its stake in Origin Bancorp by 5.4% in the 4th quarter. Mariner LLC now owns 6,965 shares of the company's stock worth $232,000 after purchasing an additional 356 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Origin Bancorp by 8.0% during the 4th quarter. LPL Financial LLC now owns 9,755 shares of the company's stock valued at $325,000 after purchasing an additional 726 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Origin Bancorp by 12.4% during the fourth quarter. US Bancorp DE now owns 6,683 shares of the company's stock valued at $222,000 after purchasing an additional 736 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.
Origin Bancorp Trading Up 1.6%
OBK stock traded up $0.56 during mid-day trading on Tuesday, reaching $34.51. 63,096 shares of the stock traded hands, compared to its average volume of 121,792. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $41.17. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The business has a 50-day moving average price of $32.92 and a two-hundred day moving average price of $34.74.
Origin Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.74%. Origin Bancorp's payout ratio is 24.59%.
Analyst Upgrades and Downgrades
OBK has been the topic of a number of research analyst reports. DA Davidson increased their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Raymond James cut shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Stephens restated an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods dropped their price target on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $42.20.
Get Our Latest Stock Analysis on Origin Bancorp
Origin Bancorp Company Profile
(
Free Report)
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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