Concurrent Investment Advisors LLC Buys Shares of 6,263 Origin Bancorp, Inc. $OBK

Concurrent Investment Advisors LLC bought a new stake in Origin Bancorp, Inc. (NYSE:OBK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,263 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Origin Bancorp by 44.8% in the 1st quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after buying an additional 315 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Origin Bancorp in the 1st quarter valued at approximately $40,000. Nisa Investment Advisors LLC lifted its holdings in shares of Origin Bancorp by 46.7% in the 1st 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 during the period. GAMMA Investing LLC lifted its holdings in shares of Origin Bancorp by 66,933.3% in the 1st 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 during the period. Finally, 1492 Capital Management LLC acquired a new stake in shares of Origin Bancorp in the 1st quarter valued at approximately $208,000. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OBK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Origin Bancorp in a report on Wednesday, October 8th. Wall Street Zen cut Origin Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, DA Davidson lifted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Origin Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $43.20.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $33.91 on Tuesday. 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 $1.06 billion, a PE ratio of 15.14 and a beta of 0.79. The business’s fifty day moving average price is $36.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.17 earnings per share for the quarter. Origin Bancorp had a return on equity of 5.98% and a net margin of 11.98%.The company had revenue of $59.94 million during the quarter.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Origin Bancorp’s payout ratio is 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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.