Fisher Asset Management LLC Trims Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

Fisher Asset Management LLC trimmed its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,717 shares of the company’s stock after selling 612 shares during the period. Fisher Asset Management LLC’s holdings in Origin Bancorp were worth $1,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of OBK. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Origin Bancorp in the 3rd quarter worth $30,000. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp in the 4th quarter worth $48,000. Quantbot Technologies LP increased its stake in shares of Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after purchasing an additional 1,187 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp in the 4th quarter worth $219,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Origin Bancorp in the 3rd quarter worth $252,000. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler upped their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Raymond James reiterated a “strong-buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $42.00 price target on shares of Origin Bancorp in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Finally, DA Davidson increased their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $43.40.

Origin Bancorp Stock Down 0.4 %

OBK opened at $37.07 on Thursday. The firm has a 50-day simple moving average of $36.86 and a two-hundred day simple moving average of $34.45. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.17. The company has a market capitalization of $1.16 billion, a PE ratio of 15.07 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

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.