Origin Bancorp, Inc. (NASDAQ:OBK) Receives $36.00 Average PT from Analysts

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $36.00.

A number of brokerages have recently issued reports on OBK. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stephens reaffirmed an “overweight” rating and set a $39.00 price objective on shares of Origin Bancorp in a report on Thursday, July 25th.

Origin Bancorp Stock Down 3.5 %

Shares of NASDAQ:OBK opened at $32.90 on Tuesday. The company’s fifty day moving average is $32.81 and its 200-day moving average is $31.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a 52 week low of $26.68 and a 52 week high of $37.56. The company has a market capitalization of $1.02 billion, a PE ratio of 12.42 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same quarter in the previous year, the company posted $0.69 earnings per share. Equities research analysts predict that Origin Bancorp will post 2.6 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. Origin Bancorp’s payout ratio is 22.64%.

Institutional Trading of Origin Bancorp

A number of large investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Origin Bancorp in the 2nd quarter valued at about $25,000. Quadrant Capital Group LLC acquired a new stake in Origin Bancorp in the 4th quarter valued at approximately $90,000. Amalgamated Bank acquired a new stake in Origin Bancorp in the 4th quarter valued at approximately $91,000. Meeder Asset Management Inc. bought a new stake in Origin Bancorp in the 2nd quarter valued at approximately $91,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Origin Bancorp during the 4th quarter worth approximately $176,000. 54.68% of the stock is owned by institutional investors.

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.