Fisher Asset Management LLC purchased a new stake in Origin Bancorp, Inc. (NASDAQ:OBK – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 43,640 shares of the company’s stock, valued at approximately $1,552,000.
Several other hedge funds also recently modified their holdings of the company. Tributary Capital Management LLC acquired a new position in Origin Bancorp in the 4th quarter valued at approximately $11,175,000. Rosenthal Henry Capital Advisors Inc. acquired a new stake in Origin Bancorp in the fourth quarter valued at $2,032,000. Carl Stuart Investment Advisor Inc. bought a new position in Origin Bancorp during the 4th quarter worth $225,000. Tyche Wealth Partners LLC acquired a new position in Origin Bancorp during the 4th quarter worth about $226,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Origin Bancorp in the 4th quarter valued at about $301,000. Institutional investors and hedge funds own 54.68% of the company’s stock.
Origin Bancorp Stock Up 1.8 %
Shares of NASDAQ OBK opened at $33.17 on Thursday. The firm has a market cap of $1.03 billion, a PE ratio of 12.52 and a beta of 0.96. The company’s fifty day simple moving average is $30.11 and its 200 day simple moving average is $31.50. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.26. Origin Bancorp, Inc. has a 12-month low of $25.59 and a 12-month high of $36.91.
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. 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 currently 22.64%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on OBK. Raymond James raised their price objective on Origin Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. DA Davidson restated a “buy” rating on shares of Origin Bancorp in a research report on Monday, January 15th. TheStreet cut shares of Origin Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $32.00 price target (up previously from $30.00) on shares of Origin Bancorp in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Origin Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.
Get Our Latest Report on Origin Bancorp
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.
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