Comerica Bank Has $100,000 Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Comerica Bank grew its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,008 shares of the company’s stock after buying an additional 347 shares during the quarter. Comerica Bank’s holdings in Origin Bancorp were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Origin Bancorp by 26.7% during the fourth quarter. Franklin Resources Inc. now owns 90,341 shares of the company’s stock valued at $3,007,000 after purchasing an additional 19,020 shares during the period. JPMorgan Chase & Co. grew its position in shares of Origin Bancorp by 80.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock valued at $2,347,000 after acquiring an additional 32,619 shares during the period. American Century Companies Inc. grew its position in shares of Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company’s stock valued at $20,005,000 after acquiring an additional 61,240 shares during the period. Barclays PLC boosted its holdings in Origin Bancorp by 79.9% in the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after buying an additional 34,733 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings 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 worth $10,650,000 after buying an additional 195,293 shares during the period. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Up 0.1%

OBK stock opened at $34.17 on Monday. The company has a market capitalization of $1.06 billion, a PE ratio of 13.89 and a beta of 0.79. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17. The firm’s 50-day moving average is $32.77 and its 200 day moving average is $34.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

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.