D. E. Shaw & Co. Inc. Sells 5,913 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

D. E. Shaw & Co. Inc. cut its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,283 shares of the company’s stock after selling 5,913 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Origin Bancorp were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC increased its stake in Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock worth $31,000 after purchasing an additional 837 shares during the period. Comerica Bank increased its stake in Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock worth $100,000 after purchasing an additional 347 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Origin Bancorp in the fourth quarter worth $183,000. Quantbot Technologies LP increased its stake in Origin Bancorp by 115.5% in the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company’s stock worth $194,000 after purchasing an additional 3,125 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Origin Bancorp in the fourth quarter worth $219,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Stock Performance

Shares of Origin Bancorp stock opened at $33.41 on Tuesday. The firm has a market cap of $1.04 billion, a P/E ratio of 13.58 and a beta of 0.79. 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 12 month low of $28.80 and a 12 month high of $41.17. The stock’s fifty day moving average price is $32.54 and its 200-day moving average price is $34.82.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.80%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.59%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OBK shares. Piper Sandler upgraded Origin Bancorp from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of Origin Bancorp in a research note on Thursday, March 20th. DA Davidson raised their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Raymond James lowered Origin Bancorp from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.