Franklin Resources Inc. Has $3.01 Million Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

Franklin Resources Inc. lifted its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,341 shares of the company’s stock after buying an additional 19,020 shares during the period. Franklin Resources Inc. owned about 0.29% of Origin Bancorp worth $3,007,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Origin Bancorp by 156.7% in the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company’s stock valued at $10,650,000 after buying an additional 195,293 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Origin Bancorp in the third quarter valued at about $4,187,000. Tributary Capital Management LLC raised its holdings in Origin Bancorp by 31.8% during the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock worth $15,196,000 after acquiring an additional 110,056 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Origin Bancorp by 85.1% during the fourth quarter. JPMorgan Chase & Co. now owns 135,115 shares of the company’s stock valued at $4,498,000 after purchasing an additional 62,129 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Origin Bancorp by 11.3% in the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company’s stock valued at $20,005,000 after purchasing an additional 61,240 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OBK has been the subject of several recent analyst reports. Piper Sandler increased their price objective on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, January 24th. DA Davidson lifted their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stephens reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a report on Thursday, March 20th. Raymond James cut Origin Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $29.27 on Friday. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.17. The company has a market capitalization of $914.61 million, a price-to-earnings ratio of 11.90 and a beta of 0.78. The company has a 50-day simple moving average of $36.08 and a 200 day simple moving average of $34.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, February 14th. Origin Bancorp’s payout ratio is 24.39%.

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.