AlphaQuest LLC Buys 23,187 Shares of Origin Bancorp, Inc. $OBK

Key Points

• AlphaQuest LLC increased its stake in Origin Bancorp by 372.5%, purchasing an additional 23,187 shares, bringing its total ownership to 29,411 shares valued at approximately $1,051,000.
• Several institutional investors, including Hotchkis & Wiley Capital Management and Nuveen LLC, have significantly increased their positions in Origin Bancorp during the first quarter of the year.
• Origin Bancorp has recently received mixed analyst ratings; while Wall Street Zen downgraded it to a "sell," DA Davidson upgraded it to "strong-buy," and the average price target now stands at $43.20.

AlphaQuest LLC increased its stake in Origin Bancorp, Inc. (NYSE:OBK - Free Report) by 372.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,411 shares of the company's stock after purchasing an additional 23,187 shares during the period. AlphaQuest LLC owned 0.09% of Origin Bancorp worth $1,051,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OBK. Hotchkis & Wiley Capital Management LLC bought a new position in Origin Bancorp in the 1st quarter worth approximately $8,637,000. Nuveen LLC bought a new position in Origin Bancorp in the 1st quarter worth approximately $4,357,000. Argent Advisors Inc. raised its position in Origin Bancorp by 870.3% in the 1st quarter. Argent Advisors Inc. now owns 109,767 shares of the company's stock worth $3,806,000 after purchasing an additional 98,454 shares during the last quarter. American Century Companies Inc. raised its position in Origin Bancorp by 12.3% in the 1st quarter. American Century Companies Inc. now owns 674,593 shares of the company's stock worth $23,388,000 after purchasing an additional 73,668 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company's stock worth $4,089,000 after purchasing an additional 58,340 shares during the last quarter. Institutional investors own 54.68% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Origin Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Origin Bancorp in a research report on Saturday. DA Davidson upgraded shares of Origin Bancorp to a "strong-buy" rating in a research report on Monday, October 20th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Origin Bancorp presently has an average rating of "Buy" and an average price target of $43.20.

Origin Bancorp Stock Up 0.9%

Shares of OBK stock opened at $33.40 on Friday. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 17.49 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $35.90.

Origin Bancorp (NYSE:OBK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.62). Origin Bancorp had a net margin of 10.23% and a return on equity of 5.09%. The firm had revenue of $109.83 million during the quarter, compared to analyst estimates of $103.95 million.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Origin Bancorp's payout ratio is 31.41%.

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.

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