Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,694 shares of the company’s stock after selling 4,098 shares during the quarter. King Luther Capital Management Corp’s holdings in Origin Bancorp were worth $8,113,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OBK. Victory Capital Management Inc. increased its holdings in shares of Origin Bancorp by 11.5% in the third quarter. Victory Capital Management Inc. now owns 38,800 shares of the company’s stock valued at $1,248,000 after purchasing an additional 4,000 shares during the period. Royce & Associates LP grew its position in Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after buying an additional 65,844 shares during the last quarter. Empowered Funds LLC increased its stake in Origin Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 85,485 shares of the company’s stock valued at $2,749,000 after buying an additional 4,288 shares during the period. Natixis Advisors LLC raised its position in Origin Bancorp by 10.2% during the 3rd quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after buying an additional 1,017 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Origin Bancorp by 87.1% in the 3rd quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock worth $512,000 after acquiring an additional 7,408 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

NASDAQ OBK opened at $34.98 on Wednesday. The business has a 50 day moving average price of $37.09 and a 200 day moving average price of $34.59. The company has a market capitalization of $1.09 billion, a P/E ratio of 14.22 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. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

Analysts Set New Price Targets

OBK has been the topic of a number of recent analyst reports. Raymond James reiterated a “strong-buy” rating and set a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. DA Davidson boosted their target price on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler raised their price target on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Origin Bancorp currently has an average rating of “Buy” and a consensus price target of $43.40.

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.