1 week Ago By Defense World Staff
Legal & General Group Plc lowered its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK – Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 28,736 shares of the company’s stock after selling 947 shares during the period. Legal & General Group Plc owned 0.09% of Origin Bancorp worth $963,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Pitcairn Co. boosted its stake in shares of Origin Bancorp by 4.
2% in the fourth quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock valued at $286,000 after purchasing an additional 343 shares during the period.
LPL Financial LLC raised its position in shares of Origin Bancorp by 8.0% during the 4th quarter. LPL Financial LLC now owns 9,755 shares of the company’s stock worth $325,000 after acquiring an additional 726 shares in the last quarter.
US Bancorp DE lifted its position in shares of Origin Bancorp by 12.4% during the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after buying an additional 736 shares during the last quarter.
Brooklyn Investment Group acquired a new position in Origin Bancorp in the fourth quarter valued at $48,000. Finally, Natixis Advisors LLC boosted its position in shares of Origin Bancorp by 17.8% in the 4th quarter.
Natixis Advisors LLC now owns 12,982 shares of the company’s stock valued at $432,000 after purchasing an additional 1,958 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.
Origin Bancorp Stock Down 0.9 %OBK stock 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. Origin Bancorp, Inc. has a 1-year low of $28.
80 and a 1-year high of $41.17. The firm has a fifty day moving average price of $34.
21 and a two-hundred day moving average price of $34.71. The company has a debt-to-equity ratio of 0.
17, a current ratio of 0.97 and a quick ratio of 0.97.
Origin Bancorp Announces DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.15 per share.
The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.
90%. Origin Bancorp’s dividend payout ratio is presently 24.59%.
Analyst Ratings ChangesA number of research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a report on Thursday, March 20th.
Raymond James lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd.
Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th.
DA Davidson increased their target price on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 27th.
Finally, Piper Sandler upgraded shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a report on Thursday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $43.00.
Read Our Latest Stock Report on Origin BancorpOrigin Bancorp Company 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.Recommended StoriesFive stocks we like better than Origin BancorpStock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be ClosedTexas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery3 REITs to Buy and Hold for the Long TermO’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsWhat Does a Stock Split Mean? Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2.
