UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.60 Million Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,943 shares of the company’s stock after purchasing an additional 1,586 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Origin Bancorp worth $1,596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBK. Pitcairn Co. increased its holdings in shares of Origin Bancorp by 4.2% in the fourth quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock valued at $286,000 after purchasing an additional 343 shares during the last quarter. Comerica Bank raised its holdings in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after acquiring an additional 347 shares during the period. Mariner LLC lifted its position in Origin Bancorp by 5.4% during the fourth quarter. Mariner LLC now owns 6,965 shares of the company’s stock worth $232,000 after acquiring an additional 356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Origin Bancorp by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company’s stock worth $555,000 after acquiring an additional 636 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings 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 acquiring an additional 726 shares during the period. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $34.59 on Monday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.06 and a beta of 0.83. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $32.32 and a 200-day moving average price of $34.78.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.73%. Origin Bancorp’s dividend payout ratio is currently 24.59%.

Wall Street Analyst Weigh In

OBK has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $45.00 target price on shares of Origin Bancorp in a research note on Thursday, March 20th. Raymond James lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Piper Sandler raised Origin Bancorp from a “neutral” rating to an “overweight” rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $42.20.

Origin Bancorp 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.