Jane Street Group LLC Buys 32,326 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Jane Street Group LLC increased its holdings in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 118.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,614 shares of the company's stock after buying an additional 32,326 shares during the quarter. Jane Street Group LLC owned 0.19% of Origin Bancorp worth $1,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Origin Bancorp by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,150,054 shares of the company's stock worth $38,285,000 after acquiring an additional 60,272 shares in the last quarter. Royce & Associates LP increased its stake in Origin Bancorp by 1.6% in the 4th quarter. Royce & Associates LP now owns 977,088 shares of the company's stock valued at $32,527,000 after buying an additional 15,196 shares during the last quarter. American Century Companies Inc. lifted its position in Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock worth $20,005,000 after buying an additional 61,240 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock worth $15,196,000 after buying an additional 110,056 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Origin Bancorp by 156.7% in the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock valued at $10,650,000 after acquiring an additional 195,293 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Price Performance

Shares of NASDAQ:OBK traded down $0.29 during trading on Tuesday, reaching $33.86. 73,254 shares of the company traded hands, compared to its average volume of 122,712. The firm has a market capitalization of $1.06 billion, a PE ratio of 13.76 and a beta of 0.79. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 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's 50 day moving average is $32.75 and its two-hundred day moving average is $34.82.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. Origin Bancorp's payout ratio is 24.59%.

Analyst Ratings Changes

Several research analysts have weighed in on OBK shares. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. DA Davidson increased their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $42.20.

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.