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

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) 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.

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

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.