Northern Trust Corp Grows Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Northern Trust Corp grew its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,489 shares of the company’s stock after purchasing an additional 18,654 shares during the period. Northern Trust Corp owned approximately 0.88% of Origin Bancorp worth $9,138,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Origin Bancorp by 79.9% during the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares during the last quarter. Franklin Resources Inc. increased its holdings in Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock worth $2,302,000 after purchasing an additional 15,405 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock valued at $2,347,000 after purchasing an additional 32,619 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Origin Bancorp during the 4th quarter valued at approximately $48,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Origin Bancorp during the fourth quarter worth approximately $219,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Origin Bancorp Price Performance

Shares of NASDAQ:OBK opened at $34.17 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 13.89 and a beta of 0.79. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17. The firm has a 50-day simple moving average of $32.77 and a 200 day simple moving average of $34.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.59%.

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.