Origin Bancorp FY2025 EPS Estimate Lifted by DA Davidson

Origin Bancorp, Inc. (NASDAQ:OBK) – Stock analysts at DA Davidson upped their FY2025 earnings per share estimates for Origin Bancorp in a research note issued on Tuesday, January 28th. DA Davidson analyst M. Navas now expects that the company will post earnings of $3.45 per share for the year, up from their prior estimate of $2.50. DA Davidson currently has a “Buy” rating and a $44.00 target price on the stock. The consensus estimate for Origin Bancorp’s current full-year earnings is $3.02 per share.

A number of other analysts have also issued reports on OBK. Piper Sandler lifted their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Raymond James reissued a “strong-buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday. Finally, Stephens reiterated an “overweight” rating and issued a $42.00 price target on shares of Origin Bancorp in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $43.40.

Origin Bancorp Price Performance

OBK stock opened at $37.85 on Thursday. The stock’s 50 day moving average is $34.91 and its two-hundred day moving average is $33.46. Origin Bancorp has a 52-week low of $27.69 and a 52-week high of $39.48. The company has a market capitalization of $1.18 billion, a PE ratio of 15.38 and a beta of 1.00. 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 Dividend Announcement

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

Hedge Funds Weigh In On Origin Bancorp

A number of large investors have recently bought and sold shares of OBK. Envestnet Asset Management Inc. grew its holdings in shares of Origin Bancorp by 19.6% during the second quarter. Envestnet Asset Management Inc. now owns 60,044 shares of the company’s stock valued at $1,905,000 after purchasing an additional 9,851 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $32,454,000 after buying an additional 102,159 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Origin Bancorp by 120.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,650 shares of the company’s stock worth $814,000 after buying an additional 13,996 shares during the last quarter. AQR Capital Management LLC increased its position in Origin Bancorp by 72.7% in the second quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock worth $710,000 after buying an additional 9,425 shares during the period. Finally, Millennium Management LLC lifted its stake in Origin Bancorp by 92.3% in the second quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock valued at $3,950,000 after buying an additional 59,763 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

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.