Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Argent Advisors Inc.

Argent Advisors Inc. lowered its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,313 shares of the company’s stock after selling 2,847 shares during the period. Argent Advisors Inc.’s holdings in Origin Bancorp were worth $377,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Origin Bancorp in the 3rd quarter worth about $30,000. Brooklyn Investment Group acquired a new stake in Origin Bancorp in the 4th quarter worth about $48,000. Quantbot Technologies LP boosted its stake in Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after buying an additional 1,187 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Origin Bancorp in the 4th quarter worth about $219,000. Finally, US Bancorp DE boosted its stake in Origin Bancorp by 12.4% in the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after buying an additional 736 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OBK shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Stephens restated an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a report on Thursday, January 23rd. Piper Sandler raised their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Raymond James restated a “strong-buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Finally, DA Davidson raised their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $43.40.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK opened at $35.56 on Tuesday. The company has a market cap of $1.11 billion, a P/E ratio of 14.45 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a one year low of $27.69 and a one year high of $41.17. The business’s 50-day simple moving average is $37.25 and its 200 day simple moving average is $34.66.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. Origin Bancorp’s payout ratio is currently 24.39%.

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.