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

Origin Bancorp, Inc. (NYSE:OBK) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.80.

Several research firms have recently commented on OBK. Keefe, Bruyette & Woods boosted their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Zacks Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, DA Davidson set a $49.00 target price on Origin Bancorp in a report on Friday, January 30th.

Origin Bancorp Stock Performance

NYSE:OBK opened at $41.60 on Monday. The stock has a 50-day moving average price of $41.33 and a 200 day moving average price of $37.93. The stock has a market capitalization of $1.29 billion, a P/E ratio of 17.33 and a beta of 0.76. Origin Bancorp has a 12-month low of $28.80 and a 12-month high of $46.02. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.21% and a net margin of 12.58%.The company had revenue of $94.00 million for the quarter.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. Origin Bancorp’s payout ratio is presently 25.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Origin Bancorp by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after purchasing an additional 37,050 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Origin Bancorp by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,376,219 shares of the company’s stock worth $51,760,000 after buying an additional 16,639 shares in the last quarter. State Street Corp increased its holdings in shares of Origin Bancorp by 1.2% in the 4th quarter. State Street Corp now owns 923,148 shares of the company’s stock worth $34,720,000 after buying an additional 10,741 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Origin Bancorp by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock worth $29,997,000 after buying an additional 116,410 shares during the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of Origin Bancorp by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after buying an additional 379,716 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

About Origin Bancorp

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.