Origin Bancorp, Inc. (NASDAQ:OBK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 17.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,288 shares of the company’s stock after selling 5,830 shares during the period. Jane Street Group LLC owned about 0.09% of Origin Bancorp worth $878,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Origin Bancorp by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock worth $362,000 after purchasing an additional 599 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Origin Bancorp by 1.5% in the 3rd 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 during the period. nVerses Capital LLC purchased a new position in Origin Bancorp during the 2nd quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Origin Bancorp during the third quarter worth approximately $30,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Origin Bancorp by 12.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company’s stock valued at $286,000 after buying an additional 977 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Up 0.8 %

Shares of OBK opened at $33.29 on Thursday. Origin Bancorp, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The company’s fifty day moving average is $34.14 and its two-hundred day moving average is $32.86. The firm has a market cap of $1.04 billion, a PE ratio of 13.70 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The company had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same quarter in the prior year, the firm earned $0.71 EPS. Analysts forecast that Origin Bancorp, Inc. will post 2.46 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.80%. Origin Bancorp’s dividend payout ratio is presently 24.69%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OBK. Stephens raised their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. DA Davidson cut their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $36.80.

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.