Jackson Creek Investment Advisors LLC Invests $1.49 Million in Origin Bancorp, Inc. (NASDAQ:OBK)

Jackson Creek Investment Advisors LLC acquired a new stake in Origin Bancorp, Inc. (NASDAQ:OBK) in the first quarter, HoldingsChannel.com reports. The firm acquired 42,877 shares of the company’s stock, valued at approximately $1,487,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisor Resource Council acquired a new position in shares of Origin Bancorp during the first quarter worth about $377,000. Franklin Resources Inc. lifted its stake in shares of Origin Bancorp by 26.7% in the fourth quarter. Franklin Resources Inc. now owns 90,341 shares of the company’s stock worth $3,007,000 after acquiring an additional 19,020 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Origin Bancorp by 11.3% in the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company’s stock worth $20,005,000 after acquiring an additional 61,240 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Origin Bancorp by 118.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company’s stock worth $697,000 after acquiring an additional 11,328 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Origin Bancorp by 58.4% in the fourth quarter. Deutsche Bank AG now owns 26,818 shares of the company’s stock worth $893,000 after acquiring an additional 9,887 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on OBK. Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. Piper Sandler upgraded Origin Bancorp from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 24th. Raymond James Financial lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $42.20.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK traded down $0.11 during midday trading on Friday, hitting $38.13. The company’s stock had a trading volume of 9,699 shares, compared to its average volume of 131,019. 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 stock’s 50 day simple moving average is $35.22 and its 200 day simple moving average is $35.06. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $41.17. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.64 and a beta of 0.83.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, May 15th. Origin Bancorp’s dividend payout ratio is 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.