Origin Bancorp, Inc. (NYSE:OBK) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Origin Bancorp, Inc. (NYSE:OBK) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $48.50.

A number of research analysts recently issued reports on the company. Stephens lifted their target price on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th.

Institutional Trading of Origin Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of OBK. Quarry LP acquired a new stake in Origin Bancorp in the third quarter valued at $25,000. Kestra Advisory Services LLC acquired a new stake in Origin Bancorp in the fourth quarter valued at $27,000. International Assets Investment Management LLC acquired a new stake in Origin Bancorp in the fourth quarter valued at $30,000. Tower Research Capital LLC TRC raised its stake in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after buying an additional 1,832 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Origin Bancorp by 42.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock worth $104,000 after purchasing an additional 751 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 0.2%

NYSE:OBK opened at $50.23 on Wednesday. The firm has a market cap of $1.55 billion, a PE ratio of 19.47 and a beta of 0.73. The stock has a fifty day moving average price of $46.35 and a 200 day moving average price of $42.58. Origin Bancorp has a 12-month low of $32.13 and a 12-month high of $50.35. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The company had revenue of $104.04 million during the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. Sell-side analysts anticipate that Origin Bancorp will post 4.01 earnings per share for the current fiscal year.

Origin Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.25 dividend. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, May 15th. Origin Bancorp’s payout ratio is 38.76%.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, 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.