American Century Companies Inc. Has $14.57 Million Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

American Century Companies Inc. trimmed its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 459,222 shares of the company’s stock after selling 66,259 shares during the period. American Century Companies Inc. owned approximately 1.48% of Origin Bancorp worth $14,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Pitcairn Co. boosted its stake in shares of Origin Bancorp by 7.8% during the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock valued at $209,000 after buying an additional 485 shares during the period. nVerses Capital LLC purchased a new stake in shares of Origin Bancorp during the second quarter worth $25,000. Price T Rowe Associates Inc. MD boosted its position in Origin Bancorp by 14.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock valued at $262,000 after purchasing an additional 1,079 shares during the last quarter. Victory Capital Management Inc. grew its stake in Origin Bancorp by 6.4% in the second quarter. Victory Capital Management Inc. now owns 34,800 shares of the company’s stock valued at $1,104,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Origin Bancorp by 5.7% in the second quarter. Rhumbline Advisers now owns 45,744 shares of the company’s stock valued at $1,451,000 after purchasing an additional 2,480 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

OBK opened at $32.90 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.02 billion, a PE ratio of 12.42 and a beta of 0.99. The stock has a 50-day moving average of $32.81 and a 200-day moving average of $31.41. Origin Bancorp, Inc. has a 52-week low of $26.68 and a 52-week high of $37.56.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. The firm had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts forecast that Origin Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.82%. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Analyst Ratings Changes

OBK has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $39.00 price target on shares of Origin Bancorp in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Origin Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Origin Bancorp 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.