JPMorgan Chase & Co. Has $4.50 Million Stake in Origin Bancorp, Inc. (NASDAQ:OBK)

JPMorgan Chase & Co. raised its holdings in Origin Bancorp, Inc. (NASDAQ:OBK) by 85.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 135,115 shares of the company’s stock after buying an additional 62,129 shares during the period. JPMorgan Chase & Co.’s holdings in Origin Bancorp were worth $4,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OBK. Brooklyn Investment Group bought a new position in shares of Origin Bancorp in the 4th quarter valued at about $48,000. KLP Kapitalforvaltning AS bought a new position in Origin Bancorp in the fourth quarter valued at approximately $183,000. Quantbot Technologies LP increased its position in shares of Origin Bancorp by 115.5% during the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company’s stock worth $194,000 after purchasing an additional 3,125 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $219,000. Finally, US Bancorp DE boosted its holdings in shares of Origin Bancorp by 12.4% in the 4th quarter. US Bancorp DE now owns 6,683 shares of the company’s stock valued at $222,000 after buying an additional 736 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Trading Up 0.6 %

Shares of OBK stock opened at $30.55 on Friday. Origin Bancorp, Inc. has a 12-month low of $28.80 and a 12-month high of $41.17. The firm has a 50 day moving average price of $35.10 and a two-hundred day moving average price of $34.68. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $954.35 million, a PE ratio of 12.42 and a beta of 0.78.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.96%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

Wall Street Analysts Forecast Growth

OBK has been the topic of several analyst reports. Piper Sandler upped their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Raymond James cut Origin Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Stephens reissued an “overweight” rating and set a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Finally, DA Davidson increased their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Origin Bancorp presently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.