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

JPMorgan Chase & Co. boosted its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 85.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,115 shares of the company's stock after acquiring an additional 62,129 shares during the period. JPMorgan Chase & Co. owned 0.43% of Origin Bancorp worth $4,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in OBK. EntryPoint Capital LLC grew its position in shares of Origin Bancorp by 78.5% in the fourth quarter. EntryPoint Capital LLC now owns 11,168 shares of the company's stock valued at $372,000 after purchasing an additional 4,910 shares during the last quarter. LPL Financial LLC increased its position in Origin Bancorp by 8.0% during the 4th quarter. LPL Financial LLC now owns 9,755 shares of the company's stock worth $325,000 after buying an additional 726 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Origin Bancorp during the fourth quarter worth $183,000. American Century Companies Inc. grew its stake in shares of Origin Bancorp by 11.3% in the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock valued at $20,005,000 after acquiring an additional 61,240 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in Origin Bancorp by 115.5% during the fourth quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock worth $194,000 after acquiring an additional 3,125 shares during the period. Institutional investors and hedge funds own 54.68% of the company's stock.

Wall Street Analyst Weigh In

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

Origin Bancorp Price Performance

Shares of OBK traded up $0.94 during mid-day trading on Tuesday, reaching $31.16. The company had a trading volume of 94,365 shares, compared to its average volume of 120,218. The company's 50 day simple moving average is $34.89 and its 200 day simple moving average is $34.70. The company has a market capitalization of $973.41 million, a price-to-earnings ratio of 12.66 and a beta of 0.78. Origin Bancorp, Inc. has a 1-year low of $28.80 and a 1-year high of $41.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.93%. Origin Bancorp's payout ratio is presently 24.39%.

Origin Bancorp Company Profile

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.