Origin Bancorp, Inc. (NASDAQ:OBK) Receives $36.20 Average PT from Analysts

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.20.

A number of equities analysts have recently issued reports on the company. DA Davidson reduced their price target 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. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Stephens upped their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Origin Bancorp by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after purchasing an additional 3,220 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Origin Bancorp by 108.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,021 shares of the company’s stock valued at $740,000 after purchasing an additional 11,993 shares during the last quarter. Quest Partners LLC boosted its holdings in Origin Bancorp by 87.1% in the third quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock valued at $512,000 after purchasing an additional 7,408 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Origin Bancorp by 10.2% in the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock valued at $355,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Origin Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 85,485 shares of the company’s stock valued at $2,749,000 after purchasing an additional 4,288 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK opened at $35.34 on Wednesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.70 and a beta of 0.98. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $32.19 and a 200 day moving average of $32.02.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same period last year, the firm earned $0.71 EPS. On average, sell-side analysts predict that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp’s payout ratio is 24.69%.

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.