Comerica Bank Raises Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Comerica Bank increased its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,008 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Comerica Bank’s holdings in Origin Bancorp were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Pitcairn Co. lifted its holdings in Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock valued at $286,000 after purchasing an additional 343 shares in the last quarter. Mariner LLC raised its holdings in Origin Bancorp by 5.4% in the fourth quarter. Mariner LLC now owns 6,965 shares of the company’s stock valued at $232,000 after buying an additional 356 shares during the period. LPL Financial LLC raised its holdings in Origin Bancorp by 8.0% in the fourth quarter. LPL Financial LLC now owns 9,755 shares of the company’s stock valued at $325,000 after buying an additional 726 shares during the period. US Bancorp DE grew its position in Origin Bancorp by 12.4% in the fourth quarter. US Bancorp DE now owns 6,683 shares of the company’s stock valued at $222,000 after acquiring an additional 736 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock valued at $31,000 after acquiring an additional 837 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OBK. Raymond James downgraded shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. Piper Sandler upgraded shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, DA Davidson lifted their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $42.20.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK opened at $34.17 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.89 and a beta of 0.79. The business’s fifty day moving average price is $32.77 and its two-hundred day moving average price is $34.80. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.59%.

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.