Origin Bancorp, Inc. (NASDAQ:OBK) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

OBK has been the subject of several research reports. Piper Sandler reissued a “neutral” rating and set a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Stephens reissued an “overweight” rating and set a $39.00 price target on shares of Origin Bancorp in a report on Thursday, July 25th.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC acquired a new position in shares of Origin Bancorp during the 4th quarter worth $30,000. First Horizon Advisors Inc. acquired a new position in shares of Origin Bancorp during the 4th quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new position in shares of Origin Bancorp during the 4th quarter worth $87,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Origin Bancorp during the 4th quarter worth $90,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK opened at $31.70 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Origin Bancorp has a 12 month low of $26.68 and a 12 month high of $37.56. The stock has a 50 day moving average of $31.95 and a 200-day moving average of $31.11. The company has a market capitalization of $983.02 million, a P/E ratio of 11.96 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $90.70 million. During the same period in the previous year, the company posted $0.69 EPS. As a group, equities research analysts predict that Origin Bancorp will post 2.61 EPS for the current year.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.89%. Origin Bancorp’s dividend payout ratio is presently 22.64%.

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.