Origin Bancorp, Inc. (NASDAQ:OBK) Stock Position Raised by Great Lakes Advisors LLC

Great Lakes Advisors LLC lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 141,202 shares of the company’s stock after acquiring an additional 3,057 shares during the quarter. Great Lakes Advisors LLC’s holdings in Origin Bancorp were worth $4,701,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of OBK. Bank of New York Mellon Corp lifted its position in shares of 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 worth $10,650,000 after purchasing an additional 195,293 shares in the last quarter. Wellington Management Group LLP acquired a new position in Origin Bancorp in the 3rd quarter valued at approximately $4,187,000. Tributary Capital Management LLC lifted its position in Origin Bancorp by 31.8% in 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 in the last quarter. Royce & Associates LP boosted its stake in shares of Origin Bancorp by 7.3% during the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after buying an additional 65,844 shares during the period. Finally, Barclays PLC grew its holdings in shares of Origin Bancorp by 79.9% during 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. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

OBK has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a report on Thursday, January 23rd. Piper Sandler raised their price target on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Raymond James reissued 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. Finally, DA Davidson boosted their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Origin Bancorp currently has an average rating of “Buy” and an average target price of $43.40.

Origin Bancorp Trading Up 3.5 %

Shares of NASDAQ OBK opened at $35.85 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 14.57 and a beta of 0.96. The business has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $34.62. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.17. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. Origin Bancorp’s payout ratio is 24.39%.

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.