JPMorgan Chase & Co. increased its position in Origin Bancorp Inc (NASDAQ:OBNK) by 150.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,679 shares of the company’s stock after purchasing 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.
Other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in Origin Bancorp in the 2nd quarter worth approximately $196,000. California Public Employees Retirement System acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at $202,000. First Trust Advisors LP acquired a new stake in shares of Origin Bancorp during the 3rd quarter valued at $297,000. Bank of America Corp DE acquired a new stake in shares of Origin Bancorp during the 2nd quarter valued at $350,000. Finally, Summit Financial Wealth Advisors LLC acquired a new stake in shares of Origin Bancorp during the 3rd quarter valued at $387,000. 45.07% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Stephens reissued a “buy” rating and set a $44.00 target price on shares of Origin Bancorp in a research note on Thursday, October 25th. Raymond James decreased their target price on shares of Origin Bancorp from $46.00 to $42.00 and set a “strong-buy” rating for the company in a research note on Friday, October 26th. Finally, Zacks Investment Research lowered shares of Origin Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd.
Origin Bancorp (NASDAQ:OBNK) last released its quarterly earnings results on Wednesday, October 24th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $49.73 million for the quarter, compared to the consensus estimate of $49.77 million. Origin Bancorp had a net margin of 20.57% and a return on equity of 9.99%. As a group, research analysts forecast that Origin Bancorp Inc will post 2.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were issued a dividend of $0.0325 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.37%.
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Origin Bancorp Profile
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.
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