Deutsche Bank AG Grows Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Deutsche Bank AG lifted its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 58.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,818 shares of the company’s stock after purchasing an additional 9,887 shares during the period. Deutsche Bank AG owned about 0.09% of Origin Bancorp worth $893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OBK. Barclays PLC raised its stake in Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Origin Bancorp in the fourth quarter valued at $219,000. Empowered Funds LLC increased its stake in Origin Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 89,789 shares of the company’s stock valued at $2,989,000 after purchasing an additional 4,304 shares during the period. Bank of New York Mellon Corp increased its stake in Origin Bancorp by 156.7% in the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company’s stock valued at $10,650,000 after purchasing an additional 195,293 shares during the period. Finally, US Bancorp DE increased its stake in Origin Bancorp by 12.4% in the fourth quarter. US Bancorp DE now owns 6,683 shares of the company’s stock valued at $222,000 after purchasing an additional 736 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OBK has been the topic of several analyst reports. Raymond James downgraded shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Stephens reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a report on Thursday, March 20th. Keefe, Bruyette & Woods lowered their target price on shares of Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. 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 report on Monday, January 27th. Finally, Piper Sandler raised shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Origin Bancorp has an average rating of “Buy” and an average target price of $42.20.

Origin Bancorp Stock Up 0.9%

OBK stock opened at $33.41 on Tuesday. The company has a market cap of $1.04 billion, a P/E ratio of 13.58 and a beta of 0.79. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The company’s 50-day moving average price is $32.54 and its 200 day moving average price is $34.82. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Announces Dividend

The business 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp’s dividend payout ratio is currently 24.59%.

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.