Royce & Associates LP Has $32.53 Million Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Royce & Associates LP boosted its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 977,088 shares of the company’s stock after buying an additional 15,196 shares during the quarter. Royce & Associates LP’s holdings in Origin Bancorp were worth $32,527,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OBK. Bank of New York Mellon Corp boosted its stake in Origin Bancorp by 156.7% in the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company’s stock valued at $10,650,000 after buying an additional 195,293 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Origin Bancorp during the third quarter valued at about $4,187,000. Tributary Capital Management LLC boosted its stake in shares of Origin Bancorp by 31.8% during the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock valued at $15,196,000 after purchasing an additional 110,056 shares in the last quarter. Barclays PLC boosted its stake in shares of Origin Bancorp by 79.9% during the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock valued at $2,515,000 after purchasing an additional 34,733 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Origin Bancorp by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock valued at $2,347,000 after purchasing an additional 32,619 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Origin Bancorp Price Performance

Origin Bancorp stock opened at $35.85 on Friday. The stock’s 50 day moving average is $37.20 and its 200 day moving average is $34.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.12 billion, a P/E ratio of 14.57 and a beta of 0.96. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $41.17.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, February 14th. Origin Bancorp’s dividend payout ratio is currently 24.39%.

Origin Bancorp Company 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.