Brokerages Set Origin Bancorp, Inc. (NYSE:OBK) Price Target at $44.80

Origin Bancorp, Inc. (NYSE:OBK) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $44.80.

OBK has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. Piper Sandler boosted their target price on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. DA Davidson set a $49.00 price objective on Origin Bancorp in a research note on Friday, January 30th. Finally, Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Origin Bancorp Trading Up 0.9%

Shares of NYSE:OBK opened at $44.68 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Origin Bancorp has a 12-month low of $28.80 and a 12-month high of $46.02. The business has a 50 day moving average of $40.21 and a two-hundred day moving average of $37.35. The company has a market capitalization of $1.38 billion, a PE ratio of 18.65 and a beta of 0.77.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%. The business had revenue of $94.00 million for the quarter.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Origin Bancorp’s dividend payout ratio (DPR) is presently 25.00%.

Institutional Investors Weigh In On Origin Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Origin Bancorp in the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in Origin Bancorp in the fourth quarter valued at $30,000. State of Alaska Department of Revenue acquired a new position in Origin Bancorp during the 3rd quarter worth $47,000. Tower Research Capital LLC TRC increased its holdings in Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after purchasing an additional 1,832 shares during the period. Finally, CWM LLC raised its position in Origin Bancorp by 210.1% in the 2nd quarter. CWM LLC now owns 3,157 shares of the company’s stock valued at $113,000 after purchasing an additional 2,139 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

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.