Corient Private Wealth LLC Purchases New Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Corient Private Wealth LLC acquired a new position in Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,490 shares of the company’s stock, valued at approximately $782,000. Corient Private Wealth LLC owned 0.08% of Origin Bancorp at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of OBK. Natixis Advisors LLC lifted its position in Origin Bancorp by 10.2% in the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after purchasing an additional 1,017 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Origin Bancorp by 108.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,021 shares of the company’s stock valued at $740,000 after buying an additional 11,993 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Origin Bancorp by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after buying an additional 3,220 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Origin Bancorp by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock worth $1,297,000 after acquiring an additional 612 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Origin Bancorp during the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Analyst Upgrades and Downgrades

OBK has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Raymond James restated a “strong-buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Piper Sandler lifted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, DA Davidson upped 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $44.00.

Origin Bancorp Trading Up 0.6 %

OBK stock opened at $35.84 on Friday. The business has a fifty day moving average price of $37.58 and a 200 day moving average price of $34.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $41.17. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.57 and a beta of 0.96.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

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.