Cubist Systematic Strategies LLC Purchases 13,968 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Cubist Systematic Strategies LLC raised its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 116.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,003 shares of the company's stock after purchasing an additional 13,968 shares during the period. Cubist Systematic Strategies LLC owned 0.08% of Origin Bancorp worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its holdings in Origin Bancorp by 14.6% during the fourth quarter. Bank of America Corp DE now owns 51,040 shares of the company's stock valued at $1,699,000 after purchasing an additional 6,486 shares during the period. Basswood Capital Management L.L.C. bought a new position in shares of Origin Bancorp in the fourth quarter worth $1,847,000. Rhino Investment Partners Inc bought a new position in shares of Origin Bancorp in the fourth quarter worth $15,077,000. Jane Street Group LLC boosted its holdings in shares of Origin Bancorp by 118.5% in the fourth quarter. Jane Street Group LLC now owns 59,614 shares of the company's stock worth $1,985,000 after acquiring an additional 32,326 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after acquiring an additional 347 shares during the period. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Trading Down 0.3%

NASDAQ OBK opened at $34.22 on Thursday. The stock's 50-day simple moving average is $32.81 and its two-hundred day simple moving average is $34.73. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.91 and a beta of 0.79.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. Origin Bancorp's payout ratio is 24.59%.

Wall Street Analyst Weigh In

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

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.

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