JPMorgan Chase & Co. Buys 32,619 Shares of Origin Bancorp, Inc. (NASDAQ:OBK)

JPMorgan Chase & Co. lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 80.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,986 shares of the company’s stock after acquiring an additional 32,619 shares during the quarter. JPMorgan Chase & Co. owned about 0.23% of Origin Bancorp worth $2,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in OBK. Wellington Management Group LLP bought a new stake in Origin Bancorp during the 3rd quarter valued at approximately $4,187,000. Dimensional Fund Advisors LP boosted its stake in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after purchasing an additional 102,159 shares during the period. Royce & Associates LP boosted its stake in Origin Bancorp by 7.3% during the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after purchasing an additional 65,844 shares during the period. Millennium Management LLC boosted its stake in Origin Bancorp by 92.3% during the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock valued at $3,950,000 after purchasing an additional 59,763 shares during the period. Finally, Barclays PLC lifted its position in shares of Origin Bancorp by 79.9% in the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares during the period. Institutional investors own 54.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Stephens increased their target price on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, DA Davidson dropped their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $36.80.

Origin Bancorp Stock Up 1.8 %

NASDAQ:OBK opened at $35.75 on Wednesday. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $37.56. 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 firm has a market capitalization of $1.11 billion, a P/E ratio of 14.71 and a beta of 1.00. The stock’s fifty day simple moving average is $34.42 and its 200-day simple moving average is $33.17.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The company had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts expect that Origin Bancorp, Inc. will post 2.43 earnings per share for the current year.

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.