AlphaQuest LLC Decreases Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

AlphaQuest LLC decreased its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,577 shares of the company’s stock after selling 9,341 shares during the period. AlphaQuest LLC’s holdings in Origin Bancorp were worth $219,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Origin Bancorp in the 3rd quarter valued at about $30,000. Brooklyn Investment Group purchased a new stake in Origin Bancorp in the 4th quarter valued at about $48,000. Quantbot Technologies LP increased its stake in Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after buying an additional 1,187 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Origin Bancorp in the 4th quarter valued at about $219,000. Finally, US Bancorp DE increased its stake in Origin Bancorp by 12.4% in the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock valued at $222,000 after buying an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Up 3.5 %

Shares of OBK stock opened at $35.85 on Monday. The company’s fifty day simple moving average is $37.20 and its two-hundred day simple moving average is $34.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp, Inc. has a 1 year low of $27.69 and a 1 year high of $41.17. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.57 and a beta of 0.96.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%. Origin Bancorp’s payout ratio is 24.39%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stephens restated an “overweight” rating and set a $42.00 price target on shares of Origin Bancorp in a research note on Thursday, January 23rd. Raymond James restated a “strong-buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Piper Sandler raised their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Finally, DA Davidson raised their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $43.40.

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.