Two Sigma Advisers LP Has $1.60 Million Position in Origin Bancorp, Inc. (NASDAQ:OBK)

Two Sigma Advisers LP raised its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 43.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,000 shares of the company's stock after buying an additional 14,600 shares during the quarter. Two Sigma Advisers LP owned 0.15% of Origin Bancorp worth $1,598,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in shares of Origin Bancorp by 812.6% during the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock worth $31,000 after buying an additional 837 shares during the period. Comerica Bank boosted its holdings in shares of Origin Bancorp by 13.0% during the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after buying an additional 347 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Origin Bancorp during the 4th quarter worth $183,000. Quantbot Technologies LP boosted its holdings in Origin Bancorp by 115.5% in the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after purchasing an additional 3,125 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Origin Bancorp in the 4th quarter valued at $219,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Trading Up 2.6%

Shares of OBK traded up $0.88 on Tuesday, reaching $34.44. 155,893 shares of the company's stock were exchanged, compared to its average volume of 125,892. 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 has a market capitalization of $1.07 billion, a P/E ratio of 14.00 and a beta of 0.79. The business has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $34.77. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, May 15th. Origin Bancorp's dividend payout ratio (DPR) is 24.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OBK. Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, March 20th. Keefe, Bruyette & Woods reduced their price objective on shares of 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 downgraded shares of 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. Finally, Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $42.20.

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.