Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) shares traded down 4.7% during trading on Thursday . The company traded as low as $35.58 and last traded at $36.01. 56,385 shares were traded during mid-day trading, a decline of 62% from the average session volume of 147,173 shares. The stock had previously closed at $37.78.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. DA Davidson lifted their target price on Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $43.20.
Get Our Latest Report on OBK
Origin Bancorp Stock Down 6.1%
The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.11 billion, a PE ratio of 14.43 and a beta of 0.84. The business has a fifty day moving average price of $37.52 and a two-hundred day moving average price of $35.22.
Origin Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Origin Bancorp's payout ratio is currently 26.79%.
Institutional Trading of Origin Bancorp
Institutional investors have recently bought and sold shares of the company. CWM LLC boosted its position in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after purchasing an additional 315 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Origin Bancorp during the first quarter valued at $40,000. Nisa Investment Advisors LLC boosted its position in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company's stock valued at $94,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Comerica Bank boosted its position in Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.
About Origin Bancorp
(
Get 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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