Sterling Capital Management LLC Has $31,000 Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Sterling Capital Management LLC boosted its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 812.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940 shares of the company’s stock after buying an additional 837 shares during the quarter. Sterling Capital Management LLC’s holdings in Origin Bancorp were worth $31,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Origin Bancorp in the 4th quarter valued at $48,000. KLP Kapitalforvaltning AS acquired a new position in Origin Bancorp in the fourth quarter valued at about $183,000. Quantbot Technologies LP grew its stake in Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company’s stock worth $194,000 after buying an additional 3,125 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Origin Bancorp during the fourth quarter worth approximately $219,000. Finally, US Bancorp DE raised its stake 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 valued at $222,000 after acquiring an additional 736 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Stock Down 0.9 %

Shares of NASDAQ:OBK opened at $31.55 on Friday. The company has a 50 day moving average of $34.21 and a 200-day moving average of $34.66. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $41.17. The stock has a market cap of $985.75 million, a price-to-earnings ratio of 12.83 and a beta of 0.78. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp’s payout ratio is 24.39%.

Wall Street Analyst Weigh In

A number of research firms recently commented on OBK. Raymond James lowered 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. DA Davidson upped their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stephens restated an “overweight” rating and issued a $45.00 price objective on shares of Origin Bancorp in a research report on Thursday, March 20th. Finally, Piper Sandler upgraded shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Origin Bancorp currently has an average rating of “Buy” and a consensus target price of $43.00.

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.