Raymond James & Associates Takes $493,000 Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Raymond James & Associates bought a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,856 shares of the company’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OBK. Carl Stuart Investment Advisor Inc. bought a new position in shares of Origin Bancorp in the fourth quarter worth about $225,000. SG Americas Securities LLC acquired a new stake in Origin Bancorp in the 4th quarter valued at approximately $311,000. Harbor Capital Advisors Inc. bought a new position in Origin Bancorp in the 4th quarter worth approximately $578,000. Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Origin Bancorp during the fourth quarter worth approximately $2,032,000. Finally, Vanguard Group Inc. acquired a new position in shares of Origin Bancorp during the third quarter worth approximately $45,900,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Price Performance

OBK opened at $30.95 on Friday. The company has a market capitalization of $959.60 million, a P/E ratio of 11.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average price is $29.78 and its two-hundred day moving average price is $31.31. Origin Bancorp, Inc. has a fifty-two week low of $25.59 and a fifty-two week high of $36.91.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). Origin Bancorp had a return on equity of 8.28% and a net margin of 13.66%. The business had revenue of $81.19 million for the quarter, compared to the consensus estimate of $88.20 million. On average, analysts anticipate that Origin Bancorp, Inc. will post 2.43 EPS for the current year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Tuesday, May 14th. Origin Bancorp’s dividend payout ratio is 22.64%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating on shares of Origin Bancorp in a research report on Monday, January 15th. TheStreet downgraded shares of Origin Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Raymond James upped their price objective on shares of Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Piper Sandler reissued a “neutral” rating and set a $32.00 target price (up from $30.00) on shares of Origin Bancorp in a research report on Friday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Origin Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

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.