Tudor Investment Corp ET AL Sells 31,395 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

Tudor Investment Corp ET AL lowered its stake in Origin Bancorp, Inc. (NASDAQ:OBK) by 75.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,347 shares of the company’s stock after selling 31,395 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Origin Bancorp were worth $344,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Origin Bancorp by 156.7% in the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company’s stock valued at $10,650,000 after purchasing an additional 195,293 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Origin Bancorp by 31.8% in the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock valued at $15,196,000 after acquiring an additional 110,056 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Origin Bancorp by 67.7% during the 4th quarter. Russell Investments Group Ltd. now owns 171,505 shares of the company’s stock valued at $5,709,000 after acquiring an additional 69,241 shares in the last quarter. JPMorgan Chase & Co. grew its position in Origin Bancorp by 85.1% during the 4th quarter. JPMorgan Chase & Co. now owns 135,115 shares of the company’s stock worth $4,498,000 after acquiring an additional 62,129 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Origin Bancorp by 11.3% in the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company’s stock worth $20,005,000 after purchasing an additional 61,240 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Price Performance

Shares of NASDAQ OBK opened at $32.94 on Friday. 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 company has a market capitalization of $1.03 billion, a PE ratio of 13.39 and a beta of 0.79. The firm has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $34.67. Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.17.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 15th. Origin Bancorp’s dividend payout ratio is 24.59%.

Wall Street Analysts Forecast Growth

OBK has been the topic of a number of recent research reports. DA Davidson lifted 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. Piper Sandler upgraded shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 24th. Stephens restated an “overweight” rating and issued a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods cut their price target on shares of Origin Bancorp from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Raymond James downgraded Origin Bancorp from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Origin Bancorp has a consensus rating of “Buy” and an average 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.