Origin Bancorp, Inc. (NASDAQ:OBK) Receives $36.20 Consensus PT from Analysts

Origin Bancorp, Inc. (NASDAQ:OBK) has earned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $36.20.

A number of equities research analysts have issued reports on OBK shares. Stephens upped their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson decreased 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.

Origin Bancorp Trading Up 0.1 %

Origin Bancorp stock opened at $34.90 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of 14.36 and a beta of 1.00. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $37.56. The company’s fifty day simple moving average is $32.93 and its 200-day simple moving average is $32.28. 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 (NASDAQ:OBK) last posted its earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, sell-side analysts forecast that Origin Bancorp will post 2.46 EPS for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s payout ratio is presently 24.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of Origin Bancorp by 27.6% during the third quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock worth $2,302,000 after buying an additional 15,405 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Origin Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after purchasing an additional 9,435 shares in the last quarter. Barclays PLC increased its holdings in shares of Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock valued at $2,515,000 after purchasing an additional 34,733 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Origin Bancorp in the third quarter valued at approximately $542,000. Finally, XTX Topco Ltd acquired a new stake in shares of Origin Bancorp in the third quarter valued at approximately $258,000. 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.