452,897 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Acquired by Rhino Investment Partners Inc

Rhino Investment Partners Inc bought a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 452,897 shares of the company's stock, valued at approximately $15,077,000. Origin Bancorp comprises approximately 3.3% of Rhino Investment Partners Inc's investment portfolio, making the stock its 12th biggest holding. Rhino Investment Partners Inc owned 1.45% of Origin Bancorp at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

OBK has been the subject of a number of recent analyst reports. Raymond James cut shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Stephens reissued an "overweight" rating and issued a $45.00 target price on shares of Origin Bancorp in a report on Thursday, March 20th. 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 report on Monday, April 28th. DA Davidson boosted their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $42.20.

Origin Bancorp Trading Up 2.1 %

Shares of OBK stock traded up $0.66 on Friday, reaching $32.77. 77,266 shares of the stock were exchanged, compared to its average volume of 122,119. The stock has a 50 day moving average price of $33.54 and a 200 day moving average price of $34.69. The stock has a market cap of $1.02 billion, a PE ratio of 13.32 and a beta of 0.79. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) 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.