13,746 Shares in Origin Bancorp, Inc. $OBK Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in Origin Bancorp, Inc. (NYSE:OBK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,746 shares of the company’s stock, valued at approximately $703,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Origin Bancorp during the 2nd quarter valued at about $132,196,000. Bank of New York Mellon Corp purchased a new position in Origin Bancorp in the 2nd quarter worth approximately $18,968,000. Millennium Management LLC increased its stake in Origin Bancorp by 438.9% in the 3rd quarter. Millennium Management LLC now owns 301,217 shares of the company’s stock worth $10,398,000 after purchasing an additional 245,320 shares during the period. Algebris UK Ltd. bought a new stake in Origin Bancorp in the fourth quarter valued at approximately $6,925,000. Finally, Nuveen LLC boosted its stake in shares of Origin Bancorp by 139.2% during the fourth quarter. Nuveen LLC now owns 275,721 shares of the company’s stock valued at $10,370,000 after purchasing an additional 160,469 shares during the period. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

Shares of OBK opened at $54.48 on Monday. The company has a 50-day simple moving average of $52.96 and a two-hundred day simple moving average of $47.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $1.68 billion, a PE ratio of 17.02 and a beta of 0.71. Origin Bancorp, Inc. has a one year low of $32.13 and a one year high of $55.57.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, analysts anticipate that Origin Bancorp, Inc. will post 4.13 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. Origin Bancorp’s dividend payout ratio is 31.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Raymond James Financial reissued an “outperform” rating on shares of Origin Bancorp in a report on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Piper Sandler upped their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Origin Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Origin Bancorp Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Ruston, Louisiana, 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.