1 week Ago By ABMN Staff
Legal & General Group Plc trimmed its position in shares of Origin Bancorp, Inc. ( NASDAQ:OBK – Free Report ) by 3.2% in the 4th quarter, Holdings Channel.
com reports. The fund owned 28,736 shares of the company’s stock after selling 947 shares during the quarter. Legal & General Group Plc’s holdings in Origin Bancorp were worth $963,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Origin Bancorp by 67.
7% in the fourth quarter. Russell Investments Group Ltd. now owns 171,505 shares of the company’s stock valued at $5,709,000 after acquiring an additional 69,241 shares during the period.
Envestnet Asset Management Inc. raised its holdings in shares of Origin Bancorp by 7.9% in the 4th quarter.
Envestnet Asset Management Inc. now owns 62,408 shares of the company’s stock worth $2,078,000 after buying an additional 4,553 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Origin Bancorp by 11.
7% in the 4th quarter. Wells Fargo & Company MN now owns 58,066 shares of the company’s stock valued at $1,933,000 after purchasing an additional 6,066 shares in the last quarter. Pitcairn Co.
increased its holdings in shares of Origin Bancorp by 4.2% during the fourth quarter. Pitcairn Co.
now owns 8,577 shares of the company’s stock worth $286,000 after buying an additional 343 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Origin Bancorp by 26.
7% in the 4th quarter. Franklin Resources Inc. now owns 90,341 shares of the company’s stock valued at $3,007,000 after purchasing an additional 19,020 shares during the last quarter.
54.68% of the stock is currently owned by institutional investors and hedge funds. Origin Bancorp Price Performance Shares of NASDAQ OBK opened at $31.
55 on Monday. The firm has a market cap of $985.75 million, a price-to-earnings ratio of 12.
83 and a beta of 0.78. The company has a current ratio of 0.
97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.
The stock has a fifty day simple moving average of $34.21 and a two-hundred day simple moving average of $34.71.
Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.
17. Origin Bancorp Dividend Announcement Analyst Upgrades and Downgrades Several equities analysts recently weighed in on the stock. Raymond James lowered shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $44.
00 to $39.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.
00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. DA Davidson increased their price target on shares of Origin Bancorp from $41.
00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler raised shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a report on Thursday.
Finally, Stephens restated an “overweight” rating and set a $45.00 target price on shares of Origin Bancorp in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.
com, Origin Bancorp has a consensus rating of “Buy” and a consensus target price of $43.00. Check Out Our Latest Report on Origin Bancorp Origin Bancorp Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding OBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Origin Bancorp, Inc.
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