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

Origin Bancorp, Inc. (NASDAQ:OBK) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.80.

Several equities research analysts have recently issued reports on OBK shares. Stephens increased their target price on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. DA Davidson lowered 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday.

Origin Bancorp Stock Up 2.6 %

Origin Bancorp stock opened at $36.46 on Friday. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $37.56. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 15.00 and a beta of 1.00. The business’s 50-day moving average price is $33.11 and its 200 day moving average price is $32.33. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

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

Origin Bancorp Announces Dividend

The company 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. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.65%. Origin Bancorp’s dividend payout ratio (DPR) is currently 24.69%.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the third quarter valued at about $30,000. Quantbot Technologies LP lifted its stake in shares of Origin Bancorp by 78.1% in the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after buying an additional 1,187 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Origin Bancorp during the second quarter worth about $91,000. Finally, SG Americas Securities LLC purchased a new stake in Origin Bancorp during the 3rd quarter valued at about $160,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Company Profile

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.