2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. lifted its position in shares of 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 fund owned 135,115 shares of the company’s stock after acquiring 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. Several other large investors have also made changes to their positions in OBK.
LPL Financial LLC grew its holdings 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 acquiring an additional 726 shares during the period.
US Bancorp DE grew its stake in shares of Origin Bancorp by 12.4% during the fourth quarter. US Bancorp DE now owns 6,683 shares of the company’s stock worth $222,000 after purchasing an additional 736 shares during the period.
Brooklyn Investment Group bought a new stake in Origin Bancorp in the fourth quarter valued at about $48,000. Natixis Advisors LLC lifted its stake in Origin Bancorp by 17.8% in the fourth quarter.
Natixis Advisors LLC now owns 12,982 shares of the company’s stock valued at $432,000 after buying an additional 1,958 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Origin Bancorp by 6.
6% in the fourth quarter. Victory Capital Management Inc. now owns 41,369 shares of the company’s stock valued at $1,377,000 after buying an additional 2,569 shares during the period.
Institutional investors and hedge funds own 54.68% of the company’s stock. Analyst Ratings Changes A number of brokerages have recently commented on OBK.
Stephens reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Origin Bancorp in a research note on Thursday, March 20th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.
00 target price (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Raymond James cut shares of 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 research report on Wednesday, April 2nd. Piper Sandler upped their price objective on shares of Origin Bancorp from $35.
00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, DA Davidson lifted their target price on Origin Bancorp from $41.
00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company.
According to MarketBeat.com, Origin Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.
Origin Bancorp Stock Up 0.6 % Origin Bancorp stock opened at $30.55 on Friday.
Origin Bancorp, Inc. has a twelve month low of $28.80 and a twelve month high of $41.
17. 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 50 day moving average of $35.
10 and a 200-day moving average of $34.68. The stock 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.15 per share.
This represents a $0.60 dividend on an annualized basis and a yield of 1.96%.
The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.
About Origin Bancorp ( Free Report ) 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. Further Reading Five stocks we like better than Origin Bancorp About the Markup Calculator J.
B. Hunt Transport Overcorrects Into a Buying Opportunity How to Capture the Benefits of Dividend Increases AppLovin: Can Record Profits Overcome Market Skepticism? Should You Invest in Penny Stocks? MarketBeat Week in Review – 04/14 – 04/18 Want to see what other hedge funds are holding OBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Origin Bancorp, Inc.
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