Two Sigma Investments LP boosted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,927 shares of the company's stock after buying an additional 12,411 shares during the quarter. Two Sigma Investments LP owned approximately 0.24% of Origin Bancorp worth $2,494,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sterling Capital Management LLC increased its position in shares of Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after acquiring an additional 837 shares during the period. Comerica Bank lifted its holdings in Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after acquiring an additional 347 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Origin Bancorp in the fourth quarter valued at approximately $183,000. Quantbot Technologies LP lifted its position in shares of Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock worth $194,000 after purchasing an additional 3,125 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Origin Bancorp in the 4th quarter valued at about $219,000. 54.68% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
OBK has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Raymond James downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Stephens reaffirmed an "overweight" rating and issued a $45.00 target price on shares of Origin Bancorp in a research note on Thursday, March 20th. Finally, Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Origin Bancorp presently has an average rating of "Buy" and an average target price of $42.20.
View Our Latest Stock Report on Origin Bancorp
Origin Bancorp Trading Down 1.6%
Origin Bancorp stock traded down $0.55 during trading on Wednesday, reaching $33.84. The company had a trading volume of 305,612 shares, compared to its average volume of 126,882. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.76 and a beta of 0.79. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The stock's 50 day moving average price is $32.33 and its two-hundred day moving average price is $34.77.
Origin Bancorp Announces Dividend
The company also recently declared 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 of this dividend was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.77%. Origin Bancorp's dividend payout ratio is presently 24.59%.
Origin Bancorp Profile
(
Free Report)
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.
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