Beaird Harris Wealth Management LLC Purchases Shares of 4,940 Origin Bancorp, Inc. (NASDAQ:OBK)

Beaird Harris Wealth Management LLC purchased a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,940 shares of the company’s stock, valued at approximately $176,000.

Several other hedge funds have also bought and sold shares of OBK. Nisa Investment Advisors LLC bought a new position in shares of Origin Bancorp in the fourth quarter worth about $30,000. First Horizon Advisors Inc. bought a new position in Origin Bancorp during the fourth quarter valued at approximately $40,000. Public Employees Retirement System of Ohio bought a new position in Origin Bancorp during the fourth quarter valued at approximately $87,000. Quadrant Capital Group LLC bought a new position in Origin Bancorp during the fourth quarter valued at approximately $90,000. Finally, Amalgamated Bank bought a new position in Origin Bancorp during the fourth quarter valued at approximately $91,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Down 0.6 %

OBK traded down $0.19 during trading on Friday, hitting $29.17. 60,889 shares of the stock were exchanged, compared to its average volume of 72,809. The firm has a 50 day simple moving average of $30.77 and a 200 day simple moving average of $31.52. The firm has a market cap of $904.71 million, a price-to-earnings ratio of 11.01 and a beta of 0.98. Origin Bancorp, Inc. has a 1 year low of $26.68 and a 1 year high of $36.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Thursday, April 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $155.96 million for the quarter, compared to analysts’ expectations of $88.80 million. Origin Bancorp had a return on equity of 8.17% and a net margin of 13.66%. During the same quarter last year, the firm earned $0.79 EPS. As a group, equities analysts expect that Origin Bancorp, Inc. will post 2.65 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. Origin Bancorp’s payout ratio is 22.64%.

Analysts Set New Price Targets

A number of equities analysts recently commented on OBK shares. TheStreet lowered Origin Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. Piper Sandler reissued a “neutral” rating and set a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

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.