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

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Origin Bancorp by 2.1% in the first quarter. Vanguard Group Inc. now owns 1,674,138 shares of the company's stock valued at $58,042,000 after buying an additional 34,456 shares during the period. American Century Companies Inc. raised its stake in Origin Bancorp by 12.3% in the first quarter. American Century Companies Inc. now owns 674,593 shares of the company's stock valued at $23,388,000 after buying an additional 73,668 shares during the period. Rhino Investment Partners Inc raised its stake in Origin Bancorp by 10.0% in the first quarter. Rhino Investment Partners Inc now owns 498,214 shares of the company's stock valued at $17,273,000 after buying an additional 45,317 shares during the period. Northern Trust Corp raised its stake in Origin Bancorp by 7.3% in the fourth quarter. Northern Trust Corp now owns 274,489 shares of the company's stock valued at $9,138,000 after buying an additional 18,654 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Origin Bancorp in the first quarter valued at approximately $8,637,000. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Price Performance

Shares of OBK traded down $0.36 during trading hours on Wednesday, hitting $37.59. 261,077 shares of the company were exchanged, compared to its average volume of 147,844. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 15.28 and a beta of 0.84. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week 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 firm's fifty day moving average is $37.52 and its 200 day moving average is $35.21.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. Origin Bancorp's payout ratio is 26.79%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OBK. DA Davidson boosted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods upped 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $43.20.

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.