Origin Bancorp, Inc. (NASDAQ:OBK) Receives Average Rating of “Moderate Buy” from Analysts

Origin Bancorp, Inc. (NASDAQ:OBK) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $36.00.

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a research note on Thursday, July 25th.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $32.48 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a fifty-two week low of $26.68 and a fifty-two week high of $37.56. The stock has a 50 day moving average price of $32.77 and a two-hundred day moving average price of $31.43. The company has a market capitalization of $1.01 billion, a P/E ratio of 12.26 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $164.26 million during the quarter, compared to the consensus estimate of $90.70 million. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. During the same quarter in the prior year, the company earned $0.69 earnings per share. Analysts expect that Origin Bancorp will post 2.6 earnings per share for the current year.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, August 15th. Origin Bancorp’s payout ratio is 22.64%.

Hedge Funds Weigh In On Origin Bancorp

Several large investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Origin Bancorp in the 2nd quarter worth $25,000. Quadrant Capital Group LLC purchased a new stake in shares of Origin Bancorp during the 4th quarter worth $90,000. Amalgamated Bank purchased a new stake in shares of Origin Bancorp during the 4th quarter worth $91,000. Meeder Asset Management Inc. purchased a new stake in shares of Origin Bancorp during the 2nd quarter worth $91,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of Origin Bancorp during the 4th quarter worth $176,000. Institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

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.