Origin Bancorp (NASDAQ:OBK) Given New $44.00 Price Target at DA Davidson

Origin Bancorp (NASDAQ:OBK) had its price target increased by DA Davidson from $41.00 to $44.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on OBK. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Stephens reiterated an “overweight” rating and set a $42.00 target price on shares of Origin Bancorp in a research note on Thursday, January 23rd. Piper Sandler lifted their price target on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a report on Friday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Origin Bancorp has a consensus rating of “Buy” and a consensus target price of $42.80.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $39.13 on Monday. The stock has a market cap of $1.22 billion, a P/E ratio of 15.91 and a beta of 1.00. The company has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $33.32. Origin Bancorp has a one year low of $27.69 and a one year high of $39.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is 24.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Origin Bancorp during the 3rd quarter worth $30,000. Brooklyn Investment Group bought a new position in shares of Origin Bancorp during the fourth quarter worth about $48,000. Quantbot Technologies LP lifted its stake in shares of Origin Bancorp by 78.1% in 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 period. SG Americas Securities LLC bought a new stake in Origin Bancorp in the third quarter valued at approximately $160,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Origin Bancorp during the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

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.