Origin Bancorp, Inc. (NASDAQ:OBK) Shares Acquired by Two Sigma Advisers LP

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

A number of other hedge funds and other institutional investors also recently modified their holdings of OBK. Sterling Capital Management LLC lifted its holdings in Origin Bancorp by 812.6% in 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 in the last quarter. Comerica Bank lifted its stake 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Origin Bancorp in the fourth quarter valued at about $183,000. Quantbot Technologies LP boosted its holdings in Origin Bancorp by 115.5% in the fourth 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 last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Origin Bancorp during the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Stock Performance

Shares of OBK traded up $0.05 during mid-day trading on Friday, hitting $34.19. The stock had a trading volume of 137,118 shares, compared to its average volume of 125,443. 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 company has a market cap of $1.07 billion, a PE ratio of 13.90 and a beta of 0.79. The company's fifty day simple moving average is $32.42 and its two-hundred day simple moving average is $34.79.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.76%. Origin Bancorp's payout ratio is 24.59%.

Wall Street Analysts Forecast Growth

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

About Origin Bancorp

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.