Nisa Investment Advisors LLC Buys 400 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Nisa Investment Advisors LLC increased its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 46.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,257 shares of the company’s stock after buying an additional 400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Origin Bancorp were worth $44,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pitcairn Co. increased its stake in shares of Origin Bancorp by 4.2% during the fourth quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock valued at $286,000 after buying an additional 343 shares during the period. Comerica Bank grew its stake in Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after purchasing an additional 347 shares during the last quarter. Mariner LLC grew its stake in Origin Bancorp by 5.4% in the fourth quarter. Mariner LLC now owns 6,965 shares of the company’s stock valued at $232,000 after purchasing an additional 356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Origin Bancorp by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company’s stock valued at $555,000 after purchasing an additional 636 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Origin Bancorp by 8.0% in the fourth quarter. LPL Financial LLC now owns 9,755 shares of the company’s stock valued at $325,000 after purchasing an additional 726 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James Financial downgraded 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. Piper Sandler raised Origin Bancorp from a “neutral” rating to an “overweight” rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price target on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $42.20.

Origin Bancorp Price Performance

Shares of NASDAQ OBK opened at $38.09 on Friday. The stock’s 50-day moving average is $35.33 and its two-hundred day moving average is $35.10. 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, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 15.48 and a beta of 0.83.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.15 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.58%. Origin Bancorp’s dividend payout ratio 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.