1,116 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. acquired a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,116 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Origin Bancorp during the 4th quarter valued at $30,000. Carl Stuart Investment Advisor Inc. bought a new position in Origin Bancorp during the fourth quarter valued at about $225,000. Tyche Wealth Partners LLC bought a new position in Origin Bancorp during the fourth quarter valued at about $226,000. Raymond James Financial Services Advisors Inc. bought a new stake in Origin Bancorp in the fourth quarter worth about $246,000. Finally, Denali Advisors LLC purchased a new position in Origin Bancorp in the fourth quarter valued at about $249,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Trading Up 1.8 %

Shares of OBK stock opened at $33.17 on Thursday. Origin Bancorp, Inc. has a 1 year low of $25.59 and a 1 year high of $36.91. The company’s fifty day simple moving average is $30.11 and its two-hundred day simple moving average is $31.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.52 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data 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 business had revenue of $155.96 million for the quarter, compared to analysts’ expectations of $88.80 million. During the same quarter in the prior year, the firm posted $0.79 EPS. As a group, analysts anticipate that Origin Bancorp, Inc. will post 2.62 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.81%. The ex-dividend date is Tuesday, May 14th. Origin Bancorp’s payout ratio is 22.64%.

Wall Street Analyst Weigh In

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