Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC trimmed its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 29.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,094 shares of the company’s stock after selling 6,261 shares during the period. Rafferty Asset Management LLC’s holdings in Origin Bancorp were worth $502,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Sterling Capital Management LLC raised its stake in Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock valued at $31,000 after purchasing an additional 837 shares during the last quarter. Comerica Bank raised its stake in Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after purchasing an additional 347 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Origin Bancorp in the 4th quarter valued at $183,000. Quantbot Technologies LP raised its stake in Origin Bancorp by 115.5% in the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company’s stock valued at $194,000 after purchasing an additional 3,125 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Origin Bancorp in the 4th quarter valued at $219,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OBK shares. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler raised Origin Bancorp from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price objective on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Raymond James downgraded Origin Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Finally, Stephens reissued an “overweight” rating and issued a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $42.20.

Origin Bancorp Stock Up 0.2%

Shares of OBK opened at $33.05 on Friday. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17. The company has a market capitalization of $1.03 billion, a PE ratio of 13.43 and a beta of 0.79. The stock has a fifty day simple moving average of $32.62 and a two-hundred day simple moving average of $34.82. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.59%.

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.