DA Davidson Has Lowered Expectations for Origin Bancorp (NASDAQ:OBK) Stock Price

Origin Bancorp (NASDAQ:OBK) had its price target decreased by DA Davidson from $41.00 to $38.00 in a research note issued to investors on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Origin Bancorp’s Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $2.45 EPS and FY2025 earnings at $2.55 EPS.

Several other equities analysts also recently commented on OBK. Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens upped their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

Origin Bancorp Stock Up 0.3 %

NASDAQ:OBK opened at $34.72 on Tuesday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.67 and a beta of 0.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $32.15 and its two-hundred day moving average is $31.96. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $37.56.

Origin Bancorp (NASDAQ:OBK) last posted 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 business had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.48%. During the same period in the previous year, the business posted $0.71 EPS. Research analysts anticipate that Origin Bancorp will post 2.46 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.73%. Origin Bancorp’s dividend payout ratio is currently 24.69%.

Institutional Investors Weigh In On Origin Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of OBK. GSA Capital Partners LLP acquired a new stake in shares of Origin Bancorp in the first quarter valued at approximately $457,000. Wakefield Asset Management LLLP acquired a new stake in Origin Bancorp during the 2nd quarter worth $902,000. Linscomb Wealth Inc. purchased a new position in Origin Bancorp during the 2nd quarter worth $614,000. International Assets Investment Management LLC increased its stake in Origin Bancorp by 3,116.0% in the third quarter. International Assets Investment Management LLC now owns 24,281 shares of the company’s stock valued at $755,000 after purchasing an additional 23,526 shares during the period. Finally, Bailard Inc. purchased a new stake in shares of Origin Bancorp in the second quarter valued at about $251,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

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.