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

Origin Bancorp, Inc. (NASDAQ:OBK) has earned an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.80.

OBK has been the topic of several analyst reports. Stephens raised their target price 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 reduced their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th.

Institutional Trading of Origin Bancorp

A number of institutional investors have recently added to or reduced their stakes in OBK. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Origin Bancorp in the third quarter valued at $30,000. Brooklyn Investment Group purchased a new position in Origin Bancorp during the 4th quarter valued at about $48,000. Quantbot Technologies LP raised its position in Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after acquiring an additional 1,187 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Origin Bancorp in the third quarter valued at approximately $160,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Origin Bancorp during the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 0.7 %

Origin Bancorp stock opened at $35.45 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50 day moving average price of $34.43 and a 200 day moving average price of $33.21. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The company has a market capitalization of $1.10 billion, a PE ratio of 14.59 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter last year, the company earned $0.71 earnings per share. Research analysts expect that Origin Bancorp will post 2.43 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.69%. Origin Bancorp’s payout ratio is 24.69%.

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.