JPMorgan Chase & Co. Acquires 62,129 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

JPMorgan Chase & Co. raised its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 85.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,115 shares of the company's stock after purchasing an additional 62,129 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.43% of Origin Bancorp worth $4,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Origin Bancorp by 156.7% during the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock worth $10,650,000 after acquiring an additional 195,293 shares during the period. Tributary Capital Management LLC increased its position in Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock worth $15,196,000 after buying an additional 110,056 shares during the period. American Century Companies Inc. lifted its holdings in shares of Origin Bancorp by 11.3% during the fourth quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock worth $20,005,000 after buying an additional 61,240 shares in the last quarter. Barclays PLC boosted its position in shares of Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company's stock valued at $2,515,000 after acquiring an additional 34,733 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Origin Bancorp in the fourth quarter valued at about $807,000. Institutional investors own 54.68% of the company's stock.

Analyst Ratings Changes

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

Origin Bancorp Stock Down 1.8 %

Origin Bancorp stock traded down $0.58 during midday trading on Thursday, reaching $31.17. The stock had a trading volume of 24,850 shares, compared to its average volume of 120,227. The company has a market capitalization of $973.72 million, a P/E ratio of 12.67 and a beta of 0.78. Origin Bancorp, Inc. has a 12 month low of $28.80 and a 12 month high of $41.17. The company has a fifty day moving average price of $34.53 and a two-hundred day moving average price of $34.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.93%. Origin Bancorp's dividend payout ratio (DPR) is presently 24.39%.

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.