Voya Investment Management LLC Reduces Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Voya Investment Management LLC decreased its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,688 shares of the company's stock after selling 10,975 shares during the quarter. Voya Investment Management LLC owned 0.31% of Origin Bancorp worth $3,252,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings in shares of Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after purchasing an additional 837 shares in the last quarter. Brooklyn Investment Group bought a new position in Origin Bancorp during the 4th quarter valued at $48,000. KLP Kapitalforvaltning AS purchased a new position in Origin Bancorp during the 4th quarter worth $183,000. Quantbot Technologies LP grew its stake in shares of Origin Bancorp by 115.5% in the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock worth $194,000 after acquiring an additional 3,125 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp in the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods reduced their price objective on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. DA Davidson lifted their target price 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, Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $42.20.

Origin Bancorp Stock Performance

NASDAQ:OBK traded down $0.25 during trading hours on Monday, reaching $32.56. The stock had a trading volume of 84,653 shares, compared to its average volume of 121,969. The stock has a market cap of $1.02 billion, a P/E ratio of 13.23 and a beta of 0.79. The stock has a 50 day simple moving average of $33.54 and a 200 day simple moving average of $34.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) is presently 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.