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

Voya Investment Management LLC lowered its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,688 shares of the company's stock after selling 10,975 shares during the quarter. Voya Investment Management LLC owned about 0.31% of Origin Bancorp worth $3,252,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Origin Bancorp by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,150,054 shares of the company's stock valued at $38,285,000 after acquiring an additional 60,272 shares during the period. Royce & Associates LP boosted its stake in shares of Origin Bancorp by 1.6% in the fourth quarter. Royce & Associates LP now owns 977,088 shares of the company's stock valued at $32,527,000 after purchasing an additional 15,196 shares during the period. American Century Companies Inc. grew its holdings in shares of Origin Bancorp by 11.3% in the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock valued at $20,005,000 after purchasing an additional 61,240 shares in the last quarter. Tributary Capital Management LLC increased its stake in Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock worth $15,196,000 after buying an additional 110,056 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Origin Bancorp by 156.7% during the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock worth $10,650,000 after buying an additional 195,293 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Wall Street Analyst Weigh In

OBK has been the topic of a number of recent research reports. Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods reduced their price target on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Piper Sandler raised 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 reduced their target price for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Finally, DA Davidson boosted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $42.20.

Origin Bancorp Stock Up 0.9 %

Shares of OBK traded up $0.28 during mid-day trading on Wednesday, reaching $32.47. The company's stock had a trading volume of 10,130 shares, compared to its average volume of 121,495. 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, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The stock has a market cap of $1.01 billion, a PE ratio of 13.20 and a beta of 0.79. The company's 50 day moving average is $33.31 and its 200 day moving average is $34.67.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.85%. Origin Bancorp's dividend payout ratio is currently 24.59%.

Origin Bancorp 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.