Rhino Investment Partners Inc Buys 45,317 Shares of Origin Bancorp, Inc. $OBK

Rhino Investment Partners Inc grew its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,214 shares of the company’s stock after acquiring an additional 45,317 shares during the period. Origin Bancorp comprises approximately 4.3% of Rhino Investment Partners Inc’s holdings, making the stock its 8th biggest position. Rhino Investment Partners Inc’s holdings in Origin Bancorp were worth $17,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. LPL Financial LLC lifted its position in shares of Origin Bancorp by 8.0% during the fourth quarter. LPL Financial LLC now owns 9,755 shares of the company’s stock worth $325,000 after purchasing an additional 726 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Origin Bancorp by 11.7% during the 4th quarter. Wells Fargo & Company MN now owns 58,066 shares of the company’s stock worth $1,933,000 after buying an additional 6,066 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Origin Bancorp by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 62,408 shares of the company’s stock worth $2,078,000 after acquiring an additional 4,553 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Origin Bancorp in the 4th quarter valued at approximately $807,000. Finally, Sterling Capital Management LLC raised its position in shares of Origin Bancorp by 812.6% during the 4th 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. Institutional investors and hedge funds own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OBK. Piper Sandler upgraded shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods raised their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, DA Davidson lifted their target price on Origin Bancorp from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $43.20.

Origin Bancorp Price Performance

NASDAQ OBK opened at $36.89 on Thursday. The company has a 50-day moving average price of $36.56 and a two-hundred day moving average price of $35.34. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 15.00 and a beta of 0.81. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Origin Bancorp’s dividend payout ratio (DPR) is 26.79%.

About Origin Bancorp

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.