Origin Bancorp, Inc. (NASDAQ:OBK) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC raised its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 78.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,168 shares of the company’s stock after buying an additional 4,910 shares during the quarter. EntryPoint Capital LLC’s holdings in Origin Bancorp were worth $372,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of OBK. Royce & Associates LP boosted its holdings in shares of Origin Bancorp by 1.6% in the 4th quarter. Royce & Associates LP now owns 977,088 shares of the company’s stock valued at $32,527,000 after buying an additional 15,196 shares during the period. State Street Corp boosted its stake in Origin Bancorp by 2.0% in the third quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after acquiring an additional 16,309 shares during the period. Geode Capital Management LLC grew its holdings in shares of Origin Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after purchasing an additional 9,435 shares during the last quarter. American Century Companies Inc. raised its position in shares of Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company’s stock worth $20,005,000 after purchasing an additional 61,240 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in shares of Origin Bancorp by 31.8% in the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock worth $15,196,000 after purchasing an additional 110,056 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OBK shares. DA Davidson increased their target price on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Stephens reissued an “overweight” rating and set a $45.00 target price on shares of Origin Bancorp in a research note on Thursday, March 20th. Piper Sandler upped their target price on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Origin Bancorp has an average rating of “Buy” and an average target price of $44.00.

Origin Bancorp Price Performance

Shares of NASDAQ OBK opened at $35.50 on Thursday. The firm’s 50-day simple moving average is $37.55 and its 200 day simple moving average is $34.78. The stock has a market cap of $1.11 billion, a P/E ratio of 14.43 and a beta of 0.96. 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, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $41.17.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s dividend payout ratio is currently 24.39%.

Origin Bancorp Company 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.