Separately, Zacks Investment Research upgraded Origin Bancorp from a hold rating to a buy rating and set a $46.00 price target on the stock in a research note on Wednesday, September 12th.
NASDAQ OBNK traded up $1.17 during midday trading on Thursday, hitting $35.93. The company had a trading volume of 65,109 shares, compared to its average volume of 58,226. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.29. Origin Bancorp has a twelve month low of $27.41 and a twelve month high of $42.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.0325 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.13 annualized dividend and a dividend yield of 0.36%.
Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $196,000. California Public Employees Retirement System bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $202,000. First Trust Advisors LP bought a new position in shares of Origin Bancorp in the 3rd quarter valued at $297,000. Bank of America Corp DE bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $350,000. Finally, TD Asset Management Inc. bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $374,000. Institutional investors own 44.65% of the company’s stock.
Origin Bancorp Company Profile
Origin Bancorp, Inc operates as the holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Louisiana, Texas, and Mississippi. It offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.
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