Northern Trust Corp Cuts Stock Holdings in Origin Bancorp, Inc. $OBK

Northern Trust Corp trimmed its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,063 shares of the company’s stock after selling 10,426 shares during the period. Northern Trust Corp owned 0.85% of Origin Bancorp worth $9,155,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OBK. Price T Rowe Associates Inc. MD grew its stake in Origin Bancorp by 118.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company’s stock valued at $697,000 after acquiring an additional 11,328 shares in the last quarter. Comerica Bank grew its stake in shares of Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company’s stock worth $100,000 after buying an additional 347 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Origin Bancorp by 118.5% in the 4th quarter. Jane Street Group LLC now owns 59,614 shares of the company’s stock worth $1,985,000 after buying an additional 32,326 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Origin Bancorp by 14.6% in the 4th quarter. Bank of America Corp DE now owns 51,040 shares of the company’s stock worth $1,699,000 after buying an additional 6,486 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Origin Bancorp by 116.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 26,003 shares of the company’s stock worth $866,000 after buying an additional 13,968 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Price Performance

OBK stock opened at $38.66 on Friday. 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 company has a 50-day moving average price of $37.44 and a 200 day moving average price of $35.24. The stock has a market cap of $1.21 billion, a PE ratio of 15.72 and a beta of 0.85.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. Origin Bancorp’s payout ratio is currently 26.79%.

Analyst Ratings Changes

A number of brokerages have commented on OBK. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. DA Davidson lifted their price objective on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Origin Bancorp currently has an average rating of “Buy” and a consensus target price of $43.20.

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.