Origin Bancorp (NASDAQ:OBK) Rating Reiterated by Stephens

Stephens reiterated their overweight rating on shares of Origin Bancorp (NASDAQ:OBK) in a research report released on Thursday morning, Benzinga reports. They currently have a $39.00 price target on the stock.

Separately, Piper Sandler reiterated a neutral rating and set a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Origin Bancorp presently has a consensus rating of Moderate Buy and a consensus target price of $35.00.

Origin Bancorp Trading Up 1.4 %

Shares of OBK opened at $35.08 on Thursday. Origin Bancorp has a twelve month low of $26.68 and a twelve month high of $37.56. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.24 and a beta of 1.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $31.81 and its 200 day simple moving average is $31.08.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a return on equity of 8.03% and a net margin of 13.18%. The company had revenue of $164.26 million for the quarter, compared to the consensus estimate of $90.70 million. During the same period last year, the business posted $0.69 EPS. On average, equities research analysts forecast that Origin Bancorp will post 2.64 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, August 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Institutional Trading of Origin Bancorp

Several large investors have recently bought and sold shares of OBK. Pitcairn Co. lifted its position in shares of Origin Bancorp by 7.8% during the first quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock worth $209,000 after purchasing an additional 485 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Origin Bancorp in the 4th quarter worth $30,000. Price T Rowe Associates Inc. MD lifted its holdings in Origin Bancorp by 14.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock worth $262,000 after buying an additional 1,079 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Origin Bancorp in the 4th quarter valued at about $40,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Origin Bancorp during the fourth quarter valued at about $87,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

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.