1 week Ago By ABMN Staff
Prudential Financial Inc. decreased its position in Origin Bancorp, Inc. ( NASDAQ:OBK – Free Report ) by 56.
2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,517 shares of the company’s stock after selling 8,362 shares during the period. Prudential Financial Inc.
’s holdings in Origin Bancorp were worth $225,000 as of its most recent SEC filing. Several other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $48,000.
KLP Kapitalforvaltning AS purchased a new position in Origin Bancorp during the 4th quarter valued at $183,000. Quantbot Technologies LP increased its position in Origin Bancorp by 115.5% during the 4th quarter.
Quantbot Technologies LP now owns 5,831 shares of the company’s stock valued at $194,000 after purchasing an additional 3,125 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp in the 4th quarter worth about $219,000. Finally, US Bancorp DE lifted its position in shares of Origin Bancorp by 12.
4% in the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after purchasing an additional 736 shares during the period. 54.
68% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities analysts recently issued reports on OBK shares. Stephens reissued an “overweight” rating and issued a $45.
00 price target on shares of Origin Bancorp in a research note on Thursday, March 20th. Raymond James lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $44.00 to $39.
00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $45.00 price target (up from $42.
00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $44.
00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Piper Sandler boosted their target price on shares of Origin Bancorp from $35.00 to $42.
00 and gave the company a “neutral” rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00. Origin Bancorp Stock Down 5.
0 % Shares of NASDAQ:OBK opened at $29.67 on Friday. 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 $36.27 and a two-hundred day simple moving average of $34.74.
Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $41.
17. The stock has a market capitalization of $926.85 million, a price-to-earnings ratio of 12.
06 and a beta of 0.78. Origin Bancorp Announces Dividend The company also recently declared 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 yield of 2.02%. The ex-dividend date was Friday, February 14th.
Origin Bancorp’s payout ratio is 24.39%. About Origin Bancorp ( 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 Stories 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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