Natixis Advisors LLC Purchases 890 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Natixis Advisors LLC grew its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,872 shares of the company’s stock after purchasing an additional 890 shares during the period. Natixis Advisors LLC’s holdings in Origin Bancorp were worth $481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Origin Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,150,054 shares of the company’s stock worth $38,285,000 after acquiring an additional 60,272 shares in the last quarter. Rhino Investment Partners Inc bought a new stake in shares of Origin Bancorp during the 4th quarter valued at $15,077,000. Northern Trust Corp lifted its holdings in Origin Bancorp by 7.3% during the 4th quarter. Northern Trust Corp now owns 274,489 shares of the company’s stock worth $9,138,000 after purchasing an additional 18,654 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Origin Bancorp by 67.7% in the 4th quarter. Russell Investments Group Ltd. now owns 171,505 shares of the company’s stock worth $5,709,000 after purchasing an additional 69,241 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Origin Bancorp by 85.1% during the 4th quarter. JPMorgan Chase & Co. now owns 135,115 shares of the company’s stock valued at $4,498,000 after buying an additional 62,129 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OBK shares. 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 raised their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Origin Bancorp currently has a consensus rating of “Buy” and an average target price of $43.20.

Origin Bancorp Stock Down 0.1%

OBK opened at $35.64 on Tuesday. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $36.23 and its 200-day moving average price is $35.37. The company has a market cap of $1.11 billion, a P/E ratio of 14.49 and a beta of 0.81.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.15 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Origin Bancorp’s payout ratio is presently 26.79%.

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.