Zurcher Kantonalbank Zurich Cantonalbank Acquires New Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,474 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors also recently bought and sold shares of OBK. Nisa Investment Advisors LLC acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at $30,000. Carl Stuart Investment Advisor Inc. purchased a new stake in Origin Bancorp during the 4th quarter worth about $225,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Origin Bancorp in the 4th quarter valued at about $246,000. Denali Advisors LLC purchased a new position in shares of Origin Bancorp in the 4th quarter valued at about $249,000. Finally, Amarillo National Bank acquired a new position in shares of Origin Bancorp during the fourth quarter worth about $251,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $32.30 on Monday. The stock’s 50-day moving average is $29.89 and its two-hundred day moving average is $31.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. Origin Bancorp, Inc. has a 1 year low of $25.59 and a 1 year high of $36.91. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 12.19 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Origin Bancorp had a return on equity of 8.28% and a net margin of 13.66%. The firm had revenue of $155.96 million for the quarter, compared to the consensus estimate of $88.80 million. During the same quarter last year, the business posted $0.79 EPS. Analysts predict that Origin Bancorp, Inc. will post 2.62 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.60 annualized dividend and a yield of 1.86%. Origin Bancorp’s dividend payout ratio (DPR) is 22.64%.

Analysts Set New Price Targets

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

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.