Rhino Investment Partners Inc Acquires Shares of 452,897 Origin Bancorp, Inc. (NASDAQ:OBK)

Rhino Investment Partners Inc bought a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 452,897 shares of the company's stock, valued at approximately $15,077,000. Origin Bancorp makes up 3.3% of Rhino Investment Partners Inc's holdings, making the stock its 12th biggest position. Rhino Investment Partners Inc owned 1.45% of Origin Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC lifted its position in shares of 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 acquiring an additional 34,733 shares in the last quarter. Franklin Resources Inc. boosted its position in Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company's stock worth $2,302,000 after acquiring an additional 15,405 shares during the period. JPMorgan Chase & Co. increased 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 valued at $2,347,000 after purchasing an additional 32,619 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp in the fourth quarter worth approximately $48,000. Finally, Janney Montgomery Scott LLC acquired a new position in Origin Bancorp in the 4th quarter valued at approximately $219,000. 54.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson upped their target price 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. Keefe, Bruyette & Woods reduced their price target on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Raymond James downgraded 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 note on Wednesday, April 2nd. Stephens reissued an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, March 20th. Finally, Piper Sandler upgraded shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Origin Bancorp presently has a consensus rating of "Buy" and an average target price of $42.20.

Origin Bancorp Stock Performance

Shares of Origin Bancorp stock traded down $0.43 during trading on Tuesday, hitting $32.15. 20,172 shares of the stock were exchanged, compared to its average volume of 121,568. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 13.10 and a beta of 0.79. The company has a fifty day moving average price of $33.43 and a 200-day moving average price of $34.69. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, May 15th. Origin Bancorp's dividend payout ratio is currently 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.