Origin Bancorp, Inc. (NASDAQ:OBK) Holdings Lifted by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 78.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,168 shares of the company’s stock after purchasing an additional 4,910 shares during the quarter. EntryPoint Capital LLC’s holdings in Origin Bancorp were worth $372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the last quarter. Barclays PLC grew its position in Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after buying an additional 34,733 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 worth $10,650,000 after buying an additional 195,293 shares during the last quarter. State Street Corp lifted its position in shares of Origin Bancorp by 2.0% during the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after acquiring an additional 16,309 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Origin Bancorp during the 4th quarter worth $219,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Down 0.9 %

Shares of NASDAQ OBK opened at $35.50 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $41.17. The business has a 50-day moving average price of $37.55 and a two-hundred day moving average price of $34.78. The firm has a market capitalization of $1.11 billion, a PE ratio of 14.43 and a beta of 0.96.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s payout ratio is presently 24.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OBK shares. Raymond James reaffirmed a “strong-buy” rating and set a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Piper Sandler upped their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. DA Davidson raised their target price on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stephens restated an “overweight” rating and set a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $44.00.

About Origin Bancorp

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.