Mariner LLC Increases Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Mariner LLC raised its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,965 shares of the company’s stock after buying an additional 356 shares during the period. Mariner LLC’s holdings in Origin Bancorp were worth $232,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Pitcairn Co. increased its holdings in Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock worth $286,000 after acquiring an additional 343 shares in the last quarter. LPL Financial LLC increased its stake in shares of Origin Bancorp by 8.0% during the fourth quarter. LPL Financial LLC now owns 9,755 shares of the company’s stock worth $325,000 after purchasing an additional 726 shares in the last quarter. US Bancorp DE increased its stake in shares of Origin Bancorp by 12.4% during the fourth quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after purchasing an additional 736 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Origin Bancorp by 812.6% during the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock worth $31,000 after purchasing an additional 837 shares during the last quarter. Finally, Barclays PLC lifted its stake in Origin Bancorp by 1.1% in the 4th quarter. Barclays PLC now owns 79,058 shares of the company’s stock valued at $2,632,000 after buying an additional 871 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Down 1.0 %

Shares of OBK opened at $32.26 on Wednesday. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $33.31 and a two-hundred day simple moving average of $34.67. The company has a market capitalization of $1.01 billion, a PE ratio of 13.12 and a beta of 0.79.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.59%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods reduced their target price on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Piper Sandler raised Origin Bancorp from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 24th. Raymond James lowered shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. Finally, DA Davidson boosted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $42.20.

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.