Bank of New York Mellon Corp Buys 195,293 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Bank of New York Mellon Corp grew its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 156.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 319,919 shares of the company’s stock after acquiring an additional 195,293 shares during the quarter. Bank of New York Mellon Corp owned 1.03% of Origin Bancorp worth $10,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP grew its stake in Origin Bancorp by 7.3% during the third quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock worth $30,934,000 after buying an additional 65,844 shares during the last quarter. State Street Corp increased its position in Origin Bancorp by 2.0% in the third quarter. State Street Corp now owns 844,151 shares of the company’s stock worth $27,148,000 after purchasing an additional 16,309 shares during the period. Geode Capital Management LLC raised its stake in shares of Origin Bancorp by 1.4% during the third 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. Tributary Capital Management LLC raised its position in shares of Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock valued at $15,196,000 after acquiring an additional 110,056 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Origin Bancorp by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after purchasing an additional 3,220 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $34.55 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.17. The company’s 50 day moving average price is $37.15 and its two-hundred day moving average price is $34.60. The company has a market capitalization of $1.08 billion, a P/E ratio of 14.05 and a beta of 0.96.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s dividend payout ratio is 24.39%.

Analyst Upgrades and Downgrades

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

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.