Royce & Associates LP Has $32.53 Million Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Royce & Associates LP increased its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 977,088 shares of the company’s stock after buying an additional 15,196 shares during the quarter. Royce & Associates LP owned approximately 3.13% of Origin Bancorp worth $32,527,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Natixis Advisors LLC boosted its holdings in shares of Origin Bancorp by 17.8% in the 4th quarter. Natixis Advisors LLC now owns 12,982 shares of the company’s stock valued at $432,000 after buying an additional 1,958 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Origin Bancorp by 16.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,826 shares of the company’s stock valued at $893,000 after buying an additional 3,805 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of Origin Bancorp by 2.2% in the 4th quarter. Great Lakes Advisors LLC now owns 141,202 shares of the company’s stock valued at $4,701,000 after buying an additional 3,057 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Origin Bancorp in the 4th quarter valued at approximately $807,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Origin Bancorp by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 41,369 shares of the company’s stock valued at $1,377,000 after buying an additional 2,569 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Up 3.5 %

OBK stock opened at $35.85 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.57 and a beta of 0.96. The business’s fifty day moving average price is $37.20 and its two-hundred day moving average price is $34.63. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $41.17.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s payout ratio is 24.39%.

Wall Street Analysts Forecast Growth

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