Rhumbline Advisers Has $1.38 Million Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Rhumbline Advisers lessened its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,480 shares of the company’s stock after selling 680 shares during the period. Rhumbline Advisers owned 0.13% of Origin Bancorp worth $1,381,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of OBK. Wellington Management Group LLP acquired a new stake in shares of Origin Bancorp in the 3rd quarter valued at $4,187,000. Tributary Capital Management LLC lifted its stake in shares of Origin Bancorp by 31.8% in the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock valued at $15,196,000 after purchasing an additional 110,056 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after purchasing an additional 65,844 shares during the last quarter. Barclays PLC lifted its stake in shares of Origin Bancorp by 79.9% in the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock valued at $2,515,000 after purchasing an additional 34,733 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock valued at $2,347,000 after purchasing an additional 32,619 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of OBK opened at $37.22 on Wednesday. The company’s fifty day moving average price is $36.79 and its 200 day moving average price is $34.43. 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. The company has a market capitalization of $1.16 billion, a PE ratio of 15.13 and a beta of 1.00.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. Origin Bancorp’s payout ratio is 24.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OBK shares. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Piper Sandler lifted 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. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Stephens reiterated an “overweight” rating and issued a $42.00 target price on shares of Origin Bancorp in a report on Thursday, January 23rd. Finally, DA Davidson lifted their target price on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $43.40.

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.