Mirae Asset Global Investments Co. Ltd. Acquires New Shares in Origin Bancorp, Inc. (NASDAQ:OBK)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,566 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in Origin Bancorp during the 3rd quarter valued at $45,900,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Origin Bancorp during the 4th quarter worth $578,000. Carl Stuart Investment Advisor Inc. bought a new stake in Origin Bancorp during the fourth quarter valued at about $225,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in Origin Bancorp in the fourth quarter valued at about $2,032,000. Finally, SG Americas Securities LLC bought a new position in Origin Bancorp in the fourth quarter worth about $311,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Price Performance

NASDAQ:OBK opened at $30.95 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. Origin Bancorp, Inc. has a twelve month low of $25.59 and a twelve month high of $36.91. The company has a market cap of $959.60 million, a PE ratio of 11.68 and a beta of 0.96. The company’s 50 day moving average is $29.78 and its two-hundred day moving average is $31.31.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $81.19 million for the quarter, compared to analysts’ expectations of $88.20 million. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. Analysts anticipate that Origin Bancorp, Inc. will post 2.43 EPS for the current year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.60 annualized dividend and a yield of 1.94%. Origin Bancorp’s payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on OBK shares. Raymond James lifted their price objective on shares of Origin Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Piper Sandler reaffirmed a “neutral” rating and issued a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a report on Friday. DA Davidson reiterated a “buy” rating on shares of Origin Bancorp in a report on Monday, January 15th. Finally, TheStreet downgraded Origin Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

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.