Origin Bancorp, Inc. (NASDAQ:OBK) Receives Consensus Rating of “Buy” from Analysts

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

A number of research analysts have recently issued reports on OBK shares. DA Davidson dropped their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Stephens raised their price target on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Raymond James raised 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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings 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 purchasing an additional 599 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Origin Bancorp by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock worth $1,297,000 after purchasing an additional 612 shares during the last quarter. nVerses Capital LLC purchased a new stake in Origin Bancorp in the 2nd quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Origin Bancorp during the 3rd quarter valued at $30,000. Finally, Harbor Capital Advisors Inc. increased its position in Origin Bancorp by 12.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company’s stock worth $286,000 after buying an additional 977 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 0.8 %

Shares of OBK stock opened at $33.53 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.80 and a beta of 1.00. 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 business’s 50 day moving average is $34.05 and its two-hundred day moving average is $32.72. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $37.56.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings data 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 firm 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 business earned $0.71 earnings per share. Equities analysts forecast that Origin Bancorp will post 2.46 EPS for the current year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio is currently 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.