Fisher Asset Management LLC Takes $1.55 Million Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Fisher Asset Management LLC acquired a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 43,640 shares of the company’s stock, valued at approximately $1,552,000. Fisher Asset Management LLC owned approximately 0.14% of Origin Bancorp at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new position in Origin Bancorp in the 4th quarter valued at approximately $30,000. Carl Stuart Investment Advisor Inc. acquired a new stake in Origin Bancorp during the fourth quarter valued at $225,000. Tyche Wealth Partners LLC bought a new stake in Origin Bancorp in the fourth quarter worth approximately $226,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Origin Bancorp during the 4th quarter valued at about $246,000. Finally, Denali Advisors LLC acquired a new position in Origin Bancorp during the fourth quarter valued at approximately $249,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Origin Bancorp Stock Up 1.8 %

OBK stock opened at $33.17 on Thursday. Origin Bancorp, Inc. has a twelve month low of $25.59 and a twelve month high of $36.91. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.03 billion, a PE ratio of 12.52 and a beta of 0.96. The business’s 50-day simple moving average is $30.11 and its 200 day simple moving average is $31.50.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. The company had revenue of $155.96 million for the quarter, compared to analyst estimates of $88.80 million. Origin Bancorp had a return on equity of 8.28% and a net margin of 13.66%. During the same quarter last year, the firm earned $0.79 EPS. On average, research analysts anticipate that Origin Bancorp, Inc. will post 2.62 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.81%. Origin Bancorp’s payout ratio is currently 22.64%.

Origin Bancorp 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.