Quantbot Technologies LP Has $194,000 Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Quantbot Technologies LP raised its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 115.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,831 shares of the company’s stock after buying an additional 3,125 shares during the period. Quantbot Technologies LP’s holdings in Origin Bancorp were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in Origin Bancorp by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock worth $7,675,000 after acquiring an additional 3,220 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Origin Bancorp by 1.5% during the third quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock valued at $1,297,000 after purchasing an additional 612 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Origin Bancorp during the third quarter worth about $252,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Origin Bancorp in the third quarter valued at approximately $30,000. Finally, State Street Corp raised its holdings in Origin Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after buying an additional 16,309 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

OBK stock opened at $34.98 on Friday. The company’s fifty day simple moving average is $37.57 and its 200 day simple moving average is $34.84. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month 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 firm has a market cap of $1.09 billion, a price-to-earnings ratio of 14.22 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. Investors of record on Friday, February 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.72%. Origin Bancorp’s dividend payout ratio is currently 24.39%.

Analysts Set New Price Targets

OBK has been the subject of several recent research reports. Raymond James restated a “strong-buy” rating and issued a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $45.00 target price (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Piper Sandler upped their price target on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Stephens reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Origin Bancorp in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $44.00.

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.