Origin Bancorp (NASDAQ:OBK) Price Target Raised to $42.00 at Keefe, Bruyette & Woods

Origin Bancorp (NASDAQ:OBK) had its price objective boosted by Keefe, Bruyette & Woods from $37.00 to $42.00 in a research note released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Stephens raised their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. DA Davidson lowered their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.80.

Origin Bancorp Price Performance

OBK opened at $35.52 on Wednesday. The stock’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $32.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a 1 year low of $27.69 and a 1 year high of $37.56. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 14.62 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The company had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, analysts predict that Origin Bancorp will post 2.46 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s payout ratio is 24.69%.

Institutional Trading of Origin Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of OBK. nVerses Capital LLC bought a new stake in shares of Origin Bancorp in the 2nd quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Origin Bancorp during the third quarter valued at $30,000. Quantbot Technologies LP increased its position in Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after acquiring an additional 1,187 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Origin Bancorp during the second quarter valued at $91,000. Finally, SG Americas Securities LLC purchased a new stake in Origin Bancorp during the third quarter valued at $160,000. Institutional investors own 54.68% of the company’s stock.

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.