Empowered Funds LLC Increases Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Empowered Funds LLC increased its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,789 shares of the company’s stock after buying an additional 4,304 shares during the quarter. Empowered Funds LLC owned about 0.29% of Origin Bancorp worth $2,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC grew its stake in shares of Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock valued at $15,196,000 after buying an additional 110,056 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Origin Bancorp in the 4th quarter valued at about $219,000. Brooklyn Investment Group acquired a new stake in Origin Bancorp during the 4th quarter worth approximately $48,000. JPMorgan Chase & Co. raised its holdings in Origin Bancorp by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock valued at $2,347,000 after buying an additional 32,619 shares during the period. Finally, Franklin Resources Inc. lifted its position in Origin Bancorp by 27.6% during the third quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock valued at $2,302,000 after buying an additional 15,405 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 0.6 %

NASDAQ:OBK opened at $40.76 on Friday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 16.57 and a beta of 1.00. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $41.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50-day simple moving average is $35.73 and its 200 day simple moving average is $33.67.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, February 14th. Origin Bancorp’s payout ratio is 24.39%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OBK shares. Raymond James reissued a “strong-buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. DA Davidson raised their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Stephens reiterated an “overweight” rating and set a $42.00 target price on shares of Origin Bancorp in a report on Thursday, January 23rd. Finally, Piper Sandler upped their price target on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. One equities research 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.com, the stock currently has a consensus rating of “Buy” and an average target price of $43.40.

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.