Argent Advisors Inc. Cuts Stock Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Argent Advisors Inc. lessened its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,313 shares of the company’s stock after selling 2,847 shares during the quarter. Argent Advisors Inc.’s holdings in Origin Bancorp were worth $377,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Origin Bancorp during the third quarter worth approximately $30,000. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp during the fourth quarter worth approximately $48,000. Quantbot Technologies LP raised its stake in shares of Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after purchasing an additional 1,187 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter worth approximately $219,000. Finally, US Bancorp DE raised its stake in shares of Origin Bancorp by 12.4% during the fourth quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 0.8 %

Origin Bancorp stock opened at $35.56 on Tuesday. 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 firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.45 and a beta of 0.96. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $41.17. The stock’s fifty day moving average is $37.25 and its two-hundred day moving average is $34.66.

Origin Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on OBK. Piper Sandler increased their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. Finally, Raymond James reiterated a “strong-buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.