Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) PT at $36.80

Origin Bancorp, Inc. (NASDAQ:OBK) has been assigned an average recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $36.80.

OBK has been the topic of a number of recent analyst reports. Stephens upped their price target 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 target price on shares of 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 lifted their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Raymond James upgraded Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On Origin Bancorp

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

Origin Bancorp Price Performance

Shares of OBK opened at $32.96 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $34.06 and its two-hundred day moving average is $32.78. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $37.56. The firm has a market capitalization of $1.03 billion, a PE ratio of 13.56 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 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 analysts’ expectations of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same quarter last year, the firm earned $0.71 earnings per share. Research analysts anticipate that Origin Bancorp will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. Origin Bancorp’s dividend payout ratio is presently 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.