JPMorgan Chase & Co. Boosts Stock Position in Origin Bancorp, Inc. $OBK

JPMorgan Chase & Co. lifted its stake in shares of Origin Bancorp, Inc. (NYSE:OBK) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,941 shares of the company’s stock after acquiring an additional 24,949 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.60% of Origin Bancorp worth $6,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Origin Bancorp during the third quarter valued at about $25,000. State of Alaska Department of Revenue bought a new position in Origin Bancorp during the third quarter valued at $47,000. Tower Research Capital LLC TRC lifted its position in Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares during the last quarter. CWM LLC grew its stake in shares of Origin Bancorp by 90.1% in the 3rd quarter. CWM LLC now owns 6,003 shares of the company’s stock worth $207,000 after buying an additional 2,846 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings 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 buying an additional 3,729 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Up 1.4%

NYSE:OBK opened at $41.35 on Wednesday. The firm has a 50-day simple moving average of $42.25 and a 200-day simple moving average of $38.42. Origin Bancorp, Inc. has a one year low of $28.80 and a one year high of $46.02. The firm has a market cap of $1.28 billion, a P/E ratio of 17.23 and a beta of 0.76. 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 (NYSE:OBK) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. The company had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%.

Origin Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

OBK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday, January 30th. Zacks Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.75.

About Origin Bancorp

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.