AlphaQuest LLC Has $219,000 Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

AlphaQuest LLC lessened its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Origin Bancorp during the third quarter worth approximately $30,000. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp in the fourth quarter valued at approximately $48,000. Quantbot Technologies LP boosted its stake in shares of Origin Bancorp by 78.1% in the third 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 period. Janney Montgomery Scott LLC bought a new stake in shares of Origin Bancorp in the fourth quarter valued at approximately $219,000. Finally, US Bancorp DE boosted its stake in shares of Origin Bancorp by 12.4% in the fourth 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 period. Institutional investors own 54.68% of the company's stock.

Wall Street Analysts Forecast Growth

OBK has been the subject of several recent research reports. Raymond James reiterated a "strong-buy" rating and issued a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $45.00 price target (up from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Piper Sandler boosted their price target on Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Stephens reiterated an "overweight" rating and issued a $45.00 price target on shares of Origin Bancorp in a research note on Thursday. Finally, DA Davidson upped their target price on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $44.00.

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Origin Bancorp Price Performance

NASDAQ OBK traded down $0.30 on Thursday, hitting $35.39. 73,174 shares of the company's stock were exchanged, compared to its average volume of 110,861. The stock has a 50-day moving average of $37.35 and a 200-day moving average of $34.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $41.17. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.39 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, February 14th. Origin Bancorp's payout ratio is presently 24.39%.

Origin Bancorp 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.