Origin Bancorp (NASDAQ:OBK) Upgraded at Raymond James

Raymond James upgraded shares of Origin Bancorp (NASDAQ:OBK) from a moderate buy rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Stephens boosted their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, DA Davidson decreased their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $36.80.

Origin Bancorp Stock Up 0.1 %

Shares of OBK opened at $32.80 on Thursday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $37.56. The stock’s 50-day moving average price is $34.01 and its 200-day moving average price is $32.65. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 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 analysts’ expectations 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 company posted $0.71 EPS. On average, sell-side analysts predict that Origin Bancorp will post 2.46 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

Institutional Investors Weigh In On Origin Bancorp

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Origin Bancorp by 11.1% in the second 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 holdings in Origin Bancorp by 7.3% in 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 last quarter. State Street Corp boosted its holdings in Origin Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after purchasing an additional 16,309 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after buying an additional 9,435 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Origin Bancorp by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock worth $7,675,000 after buying an additional 3,220 shares during the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

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.