6,578 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,578 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the period. Barclays PLC boosted its stake in shares of 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 boosted its stake in shares of 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. Geode Capital Management LLC boosted its stake in shares of 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. Finally, International Assets Investment Management LLC boosted its stake in shares of Origin Bancorp by 3,116.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,281 shares of the company’s stock worth $755,000 after buying an additional 23,526 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OBK has been the subject of a number of recent research reports. Raymond James restated a “strong-buy” rating and set a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Piper Sandler boosted their target price on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. DA Davidson upped their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Finally, Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of Origin Bancorp in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Origin Bancorp has an average rating of “Buy” and a consensus price target of $43.40.

Origin Bancorp Trading Down 1.1 %

Origin Bancorp stock opened at $40.48 on Thursday. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.26 billion, a P/E ratio of 16.46 and a beta of 1.00. The stock has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $33.62.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, February 14th. Origin Bancorp’s payout ratio is currently 24.39%.

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.