Jupiter Topco LLC Invests $703,000 in Origin Bancorp, Inc. $OBK

Jupiter Topco LLC purchased a new stake in shares of Origin Bancorp, Inc. (NYSE:OBK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,746 shares of the company’s stock, valued at approximately $703,000.

Several other large investors have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Origin Bancorp by 50.5% in the 1st quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock valued at $1,354,000 after acquiring an additional 13,107 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Origin Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock valued at $605,000 after purchasing an additional 775 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Origin Bancorp by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after acquiring an additional 20,146 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Origin Bancorp by 49.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock valued at $2,491,000 after purchasing an additional 23,906 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Origin Bancorp by 97.9% in the first quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after buying an additional 58,340 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

OBK has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Raymond James Financial reissued an “outperform” rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Piper Sandler lifted their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, DA Davidson raised their price target on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Origin Bancorp Stock Performance

NYSE OBK opened at $54.48 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. Origin Bancorp, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $55.57. The company has a market cap of $1.68 billion, a P/E ratio of 17.02 and a beta of 0.71. The business’s 50 day moving average price is $52.96 and its 200-day moving average price is $47.86.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. Sell-side analysts predict that Origin Bancorp, Inc. will post 4.13 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is currently 31.25%.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Ruston, Louisiana, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.