Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) Target Price at $36.80

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been given a consensus recommendation of “Buy” by the five analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.80.

A number of research analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. DA Davidson dropped their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Origin Bancorp Trading Down 1.9 %

Shares of NASDAQ:OBK opened at $32.96 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day moving average is $34.06 and its 200 day moving average is $32.78. 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 $1.03 billion, a P/E ratio of 13.56 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share 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 during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, research analysts predict that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.82%. The ex-dividend date was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

Institutional Trading of Origin Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of OBK. Barclays PLC increased its position in Origin Bancorp by 79.9% in the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock valued at $2,515,000 after acquiring an additional 34,733 shares during the period. State Street Corp raised its stake in shares of Origin Bancorp by 2.0% during the third quarter. State Street Corp now owns 844,151 shares of the company’s stock worth $27,148,000 after purchasing an additional 16,309 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Origin Bancorp by 3,116.0% during the third quarter. International Assets Investment Management LLC now owns 24,281 shares of the company’s stock worth $755,000 after purchasing an additional 23,526 shares during the period. Wakefield Asset Management LLLP purchased a new position in Origin Bancorp in the 2nd quarter valued at $902,000. Finally, Linscomb Wealth Inc. acquired a new position in Origin Bancorp in the 2nd quarter valued at $614,000. Hedge funds and other 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.