Fisher Asset Management LLC Sells 612 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Fisher Asset Management LLC trimmed its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,717 shares of the company’s stock after selling 612 shares during the quarter. Fisher Asset Management LLC owned approximately 0.13% of Origin Bancorp worth $1,322,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Origin Bancorp in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp in the 4th quarter worth approximately $48,000. Quantbot Technologies LP boosted its position in shares of Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after purchasing an additional 1,187 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Origin Bancorp in the 4th quarter worth approximately $219,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Origin Bancorp in the 3rd quarter worth approximately $252,000. 54.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OBK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Piper Sandler upped their price objective on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Stephens reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Finally, DA Davidson upped their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $43.40.

Origin Bancorp Price Performance

Shares of OBK opened at $37.07 on Thursday. The firm has a market cap of $1.16 billion, a PE ratio of 15.07 and a beta of 1.00. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $34.45. Origin Bancorp, Inc. has a 1-year low of $27.69 and a 1-year high of $41.17.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. Origin Bancorp’s dividend payout ratio is presently 24.39%.

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.