US Bancorp DE Grows Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

US Bancorp DE lifted its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,683 shares of the company’s stock after purchasing an additional 736 shares during the period. US Bancorp DE’s holdings in Origin Bancorp were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Origin Bancorp by 80.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after buying an additional 32,619 shares during the last quarter. Barclays PLC lifted its holdings in Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after buying an additional 34,733 shares during the last quarter. State Street Corp lifted its holdings in Origin Bancorp by 2.0% during the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock worth $27,148,000 after buying an additional 16,309 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Origin Bancorp during the 4th quarter worth about $219,000. Finally, Geode Capital Management LLC lifted its holdings in Origin Bancorp by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock worth $21,654,000 after buying an additional 9,435 shares during 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 analysts have issued reports on the company. DA Davidson lifted their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of Origin Bancorp in a report on Thursday, January 23rd. Piper Sandler lifted their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Finally, Raymond James reiterated a “strong-buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $43.40.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $35.85 on Friday. The stock has a market capitalization of $1.12 billion, a PE ratio of 14.57 and a beta of 0.96. Origin Bancorp, Inc. has a 52-week low of $27.69 and a 52-week high of $41.17. The stock’s 50-day moving average price is $37.20 and its 200 day moving average price is $34.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

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.