XTX Topco Ltd Acquires New Position in Origin Bancorp, Inc. (NASDAQ:OBK)

XTX Topco Ltd bought a new position in shares of Origin Bancorp, Inc. (NASDAQ:OBK) during the third quarter, Holdings Channel reports. The fund bought 8,013 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Origin Bancorp in the 3rd quarter valued at approximately $4,187,000. State Street Corp boosted its position in shares of Origin Bancorp by 2.0% during the third quarter. State Street Corp now owns 844,151 shares of the company’s stock worth $27,148,000 after buying an additional 16,309 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the third quarter valued at $30,000. Quantbot Technologies LP grew 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Origin Bancorp in the 3rd quarter valued at $252,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OBK. Stephens lifted their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson decreased their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Origin Bancorp Trading Down 6.8 %

Shares of NASDAQ:OBK opened at $33.29 on Thursday. 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 company’s 50 day moving average is $33.97 and its two-hundred day moving average is $32.62. The company has a market cap of $1.04 billion, a PE ratio of 13.70 and a beta of 1.00. Origin Bancorp, Inc. has a 52 week low of $27.69 and a 52 week high of $37.56.

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

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.15 dividend. The ex-dividend date 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%.

About Origin Bancorp

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.