JPMorgan Chase & Co. increased its holdings in shares of Origin Bancorp Inc (NASDAQ:OBNK) by 150.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,679 shares of the company’s stock after acquiring an additional 6,413 shares during the period. JPMorgan Chase & Co.’s holdings in Origin Bancorp were worth $402,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of OBNK. BlackRock Inc. acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $36,472,000. Northern Trust Corp acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $6,297,000. Patriot Financial Partners GP LP acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $4,094,000. Millennium Management LLC acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $1,972,000. Finally, Bank of New York Mellon Corp acquired a new position in Origin Bancorp in the second quarter valued at about $1,957,000. Institutional investors and hedge funds own 45.07% of the company’s stock.
A number of research firms have commented on OBNK. Stephens set a $44.00 price target on shares of Origin Bancorp and gave the company a “buy” rating in a research report on Monday, December 10th. Zacks Investment Research lowered shares of Origin Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Finally, Raymond James reduced their price target on shares of Origin Bancorp from $46.00 to $42.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 26th.
Origin Bancorp (NASDAQ:OBNK) last released its quarterly earnings results on Wednesday, October 24th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The firm had revenue of $49.73 million for the quarter, compared to analyst estimates of $49.77 million. Origin Bancorp had a net margin of 20.57% and a return on equity of 9.99%. Equities analysts anticipate that Origin Bancorp Inc will post 2.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were given a dividend of $0.0325 per share. The ex-dividend date was Thursday, December 13th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.37%.
About Origin Bancorp
Origin Bancorp, Inc operates as the holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Louisiana, Texas, and Mississippi. It offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.
Further Reading: What is the Bid-Ask Spread?
Want to see what other hedge funds are holding OBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Origin Bancorp Inc (NASDAQ:OBNK).
Receive News & Ratings for Origin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.