Tudor Investment Corp ET AL Invests $2.96 Million in Origin Bancorp, Inc. $OBK

Tudor Investment Corp ET AL acquired a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 85,853 shares of the company’s stock, valued at approximately $2,964,000. Tudor Investment Corp ET AL owned approximately 0.28% of Origin Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new position in Origin Bancorp in the third quarter worth approximately $25,000. State of Alaska Department of Revenue bought a new stake in Origin Bancorp during the 3rd quarter valued at $47,000. Tower Research Capital LLC TRC increased its holdings in shares of Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after acquiring an additional 1,832 shares during the period. CWM LLC increased its holdings in shares of Origin Bancorp by 90.1% in the 3rd quarter. CWM LLC now owns 6,003 shares of the company’s stock valued at $207,000 after acquiring an additional 2,846 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Origin Bancorp by 128.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,621 shares of the company’s stock worth $229,000 after acquiring an additional 3,729 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on OBK. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods boosted their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. DA Davidson set a $49.00 price target on shares of Origin Bancorp in a research report on Friday, January 30th. Finally, Weiss Ratings upgraded shares of Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Origin Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $44.75.

Origin Bancorp Stock Performance

Shares of OBK opened at $40.33 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.25 billion, a PE ratio of 16.81 and a beta of 0.76. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $46.02. The stock has a fifty day moving average price of $42.21 and a 200-day moving average price of $38.33.

Origin Bancorp (NYSE:OBK) last announced its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.21% and a net margin of 12.58%.The firm had revenue of $94.00 million for the quarter.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. Origin Bancorp’s payout ratio is presently 25.00%.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.