Origin Bancorp (NASDAQ:OBK) Price Target Raised to $42.00

Origin Bancorp (NASDAQ:OBK) had its price objective upped by Piper Sandler from $35.00 to $42.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. DA Davidson lowered their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stephens reiterated an “overweight” rating and set a $42.00 price target on shares of Origin Bancorp in a report on Thursday. Finally, Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Origin Bancorp presently has an average rating of “Buy” and a consensus price target of $41.60.

Origin Bancorp Price Performance

OBK stock opened at $37.73 on Friday. The stock has a market cap of $1.18 billion, a PE ratio of 15.34 and a beta of 1.00. 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 one year low of $27.69 and a one year high of $38.76. The firm has a 50 day simple moving average of $34.54 and a two-hundred day simple moving average of $33.31.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, February 14th. Origin Bancorp’s dividend payout ratio is 24.39%.

Institutional Trading of Origin Bancorp

Several institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in Origin Bancorp by 19.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 60,044 shares of the company’s stock valued at $1,905,000 after buying an additional 9,851 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after buying an additional 102,159 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Origin Bancorp by 20.2% during the 2nd quarter. Hsbc Holdings PLC now owns 16,007 shares of the company’s stock valued at $503,000 after buying an additional 2,692 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Origin Bancorp by 120.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,650 shares of the company’s stock valued at $814,000 after buying an additional 13,996 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Origin Bancorp by 72.7% during the 2nd quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock valued at $710,000 after buying an additional 9,425 shares in the last quarter. 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.