8,474 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,474 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in Origin Bancorp during the fourth quarter valued at approximately $30,000. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Origin Bancorp in the 4th quarter worth about $225,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Origin Bancorp during the 4th quarter valued at about $246,000. Denali Advisors LLC bought a new position in shares of Origin Bancorp in the 4th quarter valued at about $249,000. Finally, Amarillo National Bank bought a new position in shares of Origin Bancorp in the 4th quarter valued at about $251,000. Institutional investors own 54.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OBK shares. Raymond James upped their price objective on Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. DA Davidson restated a “buy” rating on shares of Origin Bancorp in a research report on Monday, January 15th. Piper Sandler reiterated a “neutral” rating and set a $32.00 price objective (up previously from $30.00) on shares of Origin Bancorp in a research report on Friday, April 26th. Finally, TheStreet downgraded shares of Origin Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Origin Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Origin Bancorp Price Performance

Shares of OBK stock opened at $32.30 on Monday. The stock has a 50 day moving average price of $29.89 and a 200 day moving average price of $31.42. Origin Bancorp, Inc. has a 52-week low of $25.59 and a 52-week high of $36.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $1.00 billion, a P/E ratio of 12.19 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK) last released its earnings results on Thursday, April 25th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. The business had revenue of $155.96 million during the quarter, compared to the consensus estimate of $88.80 million. Origin Bancorp had a return on equity of 8.28% and a net margin of 13.66%. During the same period last year, the company earned $0.79 earnings per share. As a group, sell-side analysts predict that Origin Bancorp, Inc. will post 2.62 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.86%. Origin Bancorp’s dividend payout ratio is currently 22.64%.

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.