Analysts Set Origin Bancorp, Inc. (NASDAQ:OBK) Price Target at $36.20

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $36.20.

A number of analysts recently commented on OBK shares. DA Davidson dropped their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday. Stephens upped their price target on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their price objective on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th.

Institutional Investors Weigh In On Origin Bancorp

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after acquiring an additional 102,159 shares during the period. Royce & Associates LP increased its position in shares of Origin Bancorp by 7.3% during the third quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after purchasing an additional 65,844 shares during the period. Tributary Capital Management LLC lifted its position in Origin Bancorp by 19.6% in the second quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after purchasing an additional 65,266 shares during the period. Stieven Capital Advisors L.P. acquired a new stake in Origin Bancorp during the second quarter worth $5,637,000. Finally, Bank of New York Mellon Corp increased its holdings in Origin Bancorp by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after buying an additional 5,767 shares during the period. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Trading Up 0.3 %

Shares of NASDAQ:OBK opened at $34.72 on Wednesday. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.08 billion, a PE ratio of 13.67 and a beta of 0.98. The company’s 50-day moving average price is $32.15 and its 200 day moving average price is $31.96.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 7.48% and a net margin of 12.12%. During the same period in the previous year, the company posted $0.71 EPS. Sell-side analysts anticipate that Origin Bancorp will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

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.