Strs Ohio Acquires New Holdings in Origin Bancorp, Inc. $OBK

Strs Ohio acquired a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,300 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its stake in Origin Bancorp by 44.8% in the first quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after buying an additional 315 shares in the last quarter. Federated Hermes Inc. bought a new position in Origin Bancorp in the first quarter valued at approximately $40,000. Nisa Investment Advisors LLC lifted its stake in Origin Bancorp by 46.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. GAMMA Investing LLC lifted its stake in Origin Bancorp by 66,933.3% in the first quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $139,000 after buying an additional 4,016 shares in the last quarter. Finally, 1492 Capital Management LLC bought a new position in Origin Bancorp in the first quarter valued at approximately $208,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

NASDAQ OBK opened at $35.28 on Thursday. 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 firm’s fifty day moving average price is $37.12 and its two-hundred day moving average price is $35.06. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $41.17. The firm has a market capitalization of $1.10 billion, a P/E ratio of 14.34 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. Shareholders of record on Friday, August 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Origin Bancorp’s dividend payout ratio is 26.79%.

Wall Street Analyst Weigh In

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