American Century Companies Inc. Has $20.01 Million Position in Origin Bancorp, Inc. (NASDAQ:OBK)

American Century Companies Inc. increased its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 600,925 shares of the company’s stock after buying an additional 61,240 shares during the quarter. American Century Companies Inc. owned 1.93% of Origin Bancorp worth $20,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBK. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Origin Bancorp during the 3rd quarter worth approximately $30,000. Brooklyn Investment Group acquired a new position in Origin Bancorp during the fourth quarter worth $48,000. Quantbot Technologies LP grew its position in Origin Bancorp by 78.1% in the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after purchasing an additional 1,187 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Origin Bancorp in the fourth quarter valued at $219,000. Finally, US Bancorp DE increased its stake in Origin Bancorp by 12.4% in the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock valued at $222,000 after buying an additional 736 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Analyst Ratings Changes

OBK has been the subject of several analyst reports. Piper Sandler raised their price objective on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Raymond James reiterated a “strong-buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $45.00 target price (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. DA Davidson increased their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Origin Bancorp presently has an average rating of “Buy” and an average target price of $44.00.

Origin Bancorp Trading Down 2.4 %

OBK stock opened at $34.98 on Monday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 14.22 and a beta of 0.96. The company has a fifty day moving average price of $37.57 and a two-hundred day moving average price of $34.86. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

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 paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. Origin Bancorp’s dividend payout ratio (DPR) is currently 24.39%.

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, 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.