24,516 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Bought by Cornerstone Capital Inc.

Cornerstone Capital Inc. purchased a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,516 shares of the company’s stock, valued at approximately $872,000. Cornerstone Capital Inc. owned 0.08% of Origin Bancorp at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OBK. Vanguard Group Inc. acquired a new position in Origin Bancorp in the 3rd quarter worth $45,900,000. Harbor Capital Advisors Inc. acquired a new position in Origin Bancorp in the 4th quarter worth $578,000. Carl Stuart Investment Advisor Inc. acquired a new position in Origin Bancorp in the 4th quarter worth $225,000. Rosenthal Henry Capital Advisors Inc. acquired a new position in Origin Bancorp in the 4th quarter worth $2,032,000. Finally, SG Americas Securities LLC acquired a new position in Origin Bancorp in the 4th quarter worth $311,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Price Performance

NASDAQ OBK opened at $30.97 on Friday. Origin Bancorp, Inc. has a 52 week low of $25.59 and a 52 week high of $36.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The stock has a market cap of $960.38 million, a price-to-earnings ratio of 11.34 and a beta of 0.96. The company has a 50-day moving average price of $29.78 and a two-hundred day moving average price of $31.32.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). Origin Bancorp had a return on equity of 8.28% and a net margin of 13.66%. The firm had revenue of $81.19 million during the quarter, compared to the consensus estimate of $88.20 million. Analysts forecast that Origin Bancorp, Inc. will post 2.47 EPS for the current year.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, May 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OBK shares. Raymond James upped their target price on shares of Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. DA Davidson restated a “buy” rating on shares of Origin Bancorp in a research note on Monday, January 15th. TheStreet lowered shares of Origin Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, Piper Sandler restated a “neutral” rating and issued a $32.00 target price (up previously from $30.00) on shares of Origin Bancorp in a research note on Friday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.33.

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.