Trexquant Investment LP Has $981,000 Stock Holdings in Origin Bancorp, Inc. $OBK

Key Points

• Trexquant Investment LP increased its holdings in Origin Bancorp by 83.1% in Q1, now owning 28,301 shares worth approximately $981,000.
• Origin Bancorp recently announced a quarterly dividend of $0.15 per share, yielding 1.6%, with a dividend payout ratio of 26.79%.
• Analysts have a consensus "Buy" rating for Origin Bancorp, with a price target increased to $45.00 by DA Davidson and Keefe, Bruyette & Woods.

Trexquant Investment LP increased its position in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 83.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,301 shares of the company's stock after purchasing an additional 12,842 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of Origin Bancorp worth $981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Resource Council bought a new position in Origin Bancorp in the first quarter worth $377,000. Rafferty Asset Management LLC lifted its position in Origin Bancorp by 59.7% in the first quarter. Rafferty Asset Management LLC now owns 24,103 shares of the company's stock worth $836,000 after purchasing an additional 9,009 shares during the period. Russell Investments Group Ltd. lifted its position in Origin Bancorp by 27.6% in the first quarter. Russell Investments Group Ltd. now owns 218,797 shares of the company's stock worth $7,586,000 after purchasing an additional 47,292 shares during the period. Rhino Investment Partners Inc lifted its position in Origin Bancorp by 10.0% in the first quarter. Rhino Investment Partners Inc now owns 498,214 shares of the company's stock worth $17,273,000 after purchasing an additional 45,317 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Origin Bancorp by 118.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company's stock worth $697,000 after purchasing an additional 11,328 shares during the period. 54.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Origin Bancorp presently has a consensus rating of "Buy" and an average target price of $43.20.

Origin Bancorp Price Performance

Shares of NASDAQ OBK traded up $0.03 during midday trading on Friday, reaching $35.39. 334,894 shares of the company traded hands, compared to its average volume of 151,898. The firm has a market cap of $1.11 billion, a PE ratio of 14.39 and a beta of 0.85. The stock's 50-day simple moving average is $37.42 and its 200-day simple moving average is $35.18. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.15 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Origin Bancorp's dividend payout ratio (DPR) is 26.79%.

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.