Origin Bancorp, Inc. (NASDAQ:OBK) Given Consensus Rating of “Moderate Buy” by Brokerages

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

Several research analysts have recently weighed in on OBK shares. DA Davidson lowered their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Stephens upped their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pitcairn Co. increased its holdings in Origin Bancorp by 7.8% in the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock valued at $209,000 after purchasing an additional 485 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Origin Bancorp by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock valued at $362,000 after buying an additional 599 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Origin Bancorp in the 2nd quarter valued at $25,000. Harbor Capital Advisors Inc. lifted its stake in Origin Bancorp by 12.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company’s stock worth $286,000 after acquiring an additional 977 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Origin Bancorp by 10.2% during the 3rd quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after acquiring an additional 1,017 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK opened at $34.72 on Wednesday. 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 capitalization of $1.08 billion, a PE ratio of 13.35 and a beta of 0.98. The business’s 50 day moving average price is $32.15 and its 200-day moving average price is $31.97.

Origin Bancorp (NASDAQ:OBK) last announced its 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 business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same period last year, the firm earned $0.71 EPS. As a group, equities research analysts expect that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.73%. Origin Bancorp’s dividend payout ratio (DPR) 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.