Connor Clark & Lunn Investment Management Ltd. Acquires 3,805 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,826 shares of the company’s stock after acquiring an additional 3,805 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Origin Bancorp worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Great Lakes Advisors LLC raised its holdings in Origin Bancorp by 2.2% during the 4th quarter. Great Lakes Advisors LLC now owns 141,202 shares of the company’s stock valued at $4,701,000 after acquiring an additional 3,057 shares during the period. Raymond James Financial Inc. bought a new position in shares of Origin Bancorp in the fourth quarter worth $807,000. Victory Capital Management Inc. increased its holdings in shares of Origin Bancorp by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 41,369 shares of the company’s stock worth $1,377,000 after purchasing an additional 2,569 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Origin Bancorp by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 243,484 shares of the company’s stock worth $8,106,000 after purchasing an additional 4,823 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Origin Bancorp by 12.4% in the fourth 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. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Origin Bancorp stock opened at $35.20 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 firm has a 50-day moving average of $37.45 and a 200-day moving average of $34.70. The firm has a market cap of $1.10 billion, a P/E ratio of 14.31 and a beta of 0.96. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $41.17.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. Origin Bancorp’s dividend payout ratio is currently 24.39%.

Analyst Ratings Changes

Several research firms have recently weighed in on OBK. Piper Sandler upped their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Stephens reissued an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a research note on Thursday. DA Davidson increased their target price on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $44.00.

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.