Origin Bancorp, Inc. $OBK Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Origin Bancorp, Inc. (NYSE:OBK) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,941 shares of the company’s stock after buying an additional 24,949 shares during the quarter. JPMorgan Chase & Co.’s holdings in Origin Bancorp were worth $6,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OBK. AQR Capital Management LLC boosted its stake in Origin Bancorp by 50.5% in the 1st quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock worth $1,354,000 after purchasing an additional 13,107 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Origin Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock worth $605,000 after purchasing an additional 775 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Origin Bancorp by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after purchasing an additional 20,146 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Origin Bancorp by 49.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock valued at $2,491,000 after buying an additional 23,906 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after buying an additional 58,340 shares during the period. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 1.4%

Shares of Origin Bancorp stock opened at $41.35 on Wednesday. The firm has a 50-day simple moving average of $42.25 and a two-hundred day simple moving average of $38.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp, Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $46.02. The company has a market cap of $1.28 billion, a P/E ratio of 17.23 and a beta of 0.76.

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

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given 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 yield of 1.5%. Origin Bancorp’s dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

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

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.