Analysts Set Origin Bancorp, Inc. (NASDAQ:OBK) Target Price at $43.40

Shares of Origin Bancorp, Inc. (NASDAQ:OBKGet Free Report) have been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.40.

Several analysts recently issued reports on the company. Piper Sandler lifted their target price on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Stephens reissued an “overweight” rating and set a $42.00 target price on shares of Origin Bancorp in a research note on Thursday, January 23rd. Raymond James reissued a “strong-buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. DA Davidson lifted their target price on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th.

Read Our Latest Analysis on Origin Bancorp

Institutional Trading of Origin Bancorp

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new position in shares of Origin Bancorp in the 4th quarter worth approximately $518,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Origin Bancorp by 3.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,943 shares of the company’s stock worth $1,596,000 after purchasing an additional 1,586 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Origin Bancorp by 42.2% in the 4th quarter. Squarepoint Ops LLC now owns 9,247 shares of the company’s stock worth $308,000 after purchasing an additional 2,745 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Origin Bancorp by 43.7% in the 4th quarter. Two Sigma Advisers LP now owns 48,000 shares of the company’s stock worth $1,598,000 after purchasing an additional 14,600 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Origin Bancorp by 19.9% in the 4th quarter. Two Sigma Investments LP now owns 74,927 shares of the company’s stock worth $2,494,000 after purchasing an additional 12,411 shares during the period. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 1.9 %

Shares of OBK opened at $34.55 on Tuesday. The business’s 50 day moving average is $37.15 and its 200 day moving average is $34.60. The company has a market capitalization of $1.08 billion, a PE ratio of 14.05 and a beta of 0.96. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $41.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, February 14th. Origin Bancorp’s payout ratio is 24.39%.

Origin Bancorp Company Profile

(Get Free Report

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.

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Analyst Recommendations for Origin Bancorp (NASDAQ:OBK)

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