36,679 Shares in Origin Bancorp, Inc. (NASDAQ:OBK) Acquired by Numerai GP LLC

Numerai GP LLC purchased a new position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 36,679 shares of the company's stock, valued at approximately $1,221,000. Numerai GP LLC owned 0.12% of Origin Bancorp at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in shares of Origin Bancorp by 812.6% during the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after acquiring an additional 837 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $48,000. Comerica Bank raised its holdings in shares of Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after acquiring an additional 347 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $183,000. Finally, Quantbot Technologies LP raised its holdings in shares of Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after acquiring an additional 3,125 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OBK shares. Keefe, Bruyette & Woods reduced their target price on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Raymond James cut Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. Finally, DA Davidson increased their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $42.20.

Origin Bancorp Trading Up 0.1%

Origin Bancorp stock traded up $0.03 during mid-day trading on Friday, hitting $34.17. The company's stock had a trading volume of 122,049 shares, compared to its average volume of 122,930. The firm has a market capitalization of $1.06 billion, a PE ratio of 13.89 and a beta of 0.79. Origin Bancorp, Inc. has a 1 year low of $28.80 and a 1 year high of $41.17. 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 stock's fifty day moving average is $32.77 and its two-hundred day moving average is $34.76.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.76%. Origin Bancorp's payout ratio is 24.59%.

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.