Jane Street Group LLC Has $1.99 Million Stock Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Jane Street Group LLC boosted its position in Origin Bancorp, Inc. (NASDAQ:OBK) by 118.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,614 shares of the company’s stock after buying an additional 32,326 shares during the quarter. Jane Street Group LLC owned approximately 0.19% of Origin Bancorp worth $1,985,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pitcairn Co. increased its position in shares of Origin Bancorp by 4.2% during the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock worth $286,000 after purchasing an additional 343 shares during the last quarter. Comerica Bank increased its position in shares of Origin Bancorp by 13.0% during the 4th quarter. Comerica Bank now owns 3,008 shares of the company’s stock worth $100,000 after purchasing an additional 347 shares during the last quarter. Mariner LLC increased its position in shares of Origin Bancorp by 5.4% during the 4th quarter. Mariner LLC now owns 6,965 shares of the company’s stock worth $232,000 after purchasing an additional 356 shares during the last quarter. LPL Financial LLC increased its position in shares of Origin Bancorp by 8.0% during the 4th quarter. LPL Financial LLC now owns 9,755 shares of the company’s stock worth $325,000 after purchasing an additional 726 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Origin Bancorp by 12.4% during the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after purchasing an additional 736 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Up 0.1%

OBK stock opened at $34.17 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.06 billion, a PE ratio of 13.89 and a beta of 0.79. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The business’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $34.76.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, May 15th. Origin Bancorp’s payout ratio is presently 24.59%.

Analysts Set New Price Targets

OBK has been the topic of several recent analyst reports. Raymond James lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Stephens reaffirmed an “overweight” rating and set a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Piper Sandler raised Origin Bancorp from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price target on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, DA Davidson boosted their target price on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Origin Bancorp has a consensus rating of “Buy” and an average target price of $42.20.

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.