23,490 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC acquired a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBKFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,490 shares of the company’s stock, valued at approximately $836,000. Corient Private Wealth LLC owned approximately 0.08% of Origin Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in Origin Bancorp in the 4th quarter worth about $30,000. First Horizon Advisors Inc. acquired a new stake in Origin Bancorp in the 4th quarter worth about $40,000. Quadrant Capital Group LLC acquired a new stake in Origin Bancorp in the 4th quarter worth about $90,000. Amalgamated Bank acquired a new stake in Origin Bancorp in the 4th quarter worth about $91,000. Finally, Brown Advisory Inc. acquired a new stake in Origin Bancorp in the 4th quarter worth about $215,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OBK. Piper Sandler reaffirmed a “neutral” rating and issued a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. TheStreet lowered Origin Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.33.

Check Out Our Latest Research Report on OBK

Origin Bancorp Stock Performance

NASDAQ OBK opened at $30.36 on Tuesday. The firm has a market capitalization of $941.46 million, a P/E ratio of 11.46 and a beta of 0.98. Origin Bancorp, Inc. has a 1-year low of $26.68 and a 1-year high of $36.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day simple moving average is $30.89 and its 200-day simple moving average is $31.70.

Origin Bancorp (NASDAQ:OBKGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $155.96 million for the quarter, compared to analyst estimates of $88.80 million. Origin Bancorp had a return on equity of 8.17% and a net margin of 13.66%. During the same period in the previous year, the company posted $0.79 EPS. Equities analysts predict that Origin Bancorp, Inc. will post 2.65 EPS for the current year.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.98%. Origin Bancorp’s payout ratio is currently 22.64%.

Origin Bancorp Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Origin Bancorp (NASDAQ:OBK)

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