Origin Bancorp, Inc. (NASDAQ:OBK) Given Consensus Recommendation of “Buy” by Analysts

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been given an average rating of “Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. One 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 objective among brokers that have updated their coverage on the stock in the last year is $36.80.

A number of analysts recently issued reports on OBK shares. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Stephens upped their target price on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, DA Davidson cut their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Origin Bancorp Stock Performance

Shares of OBK opened at $33.29 on Thursday. Origin Bancorp has a 1 year low of $27.69 and a 1 year high of $37.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day moving average price is $34.14 and its two-hundred day moving average price is $32.86. The firm has a market cap of $1.04 billion, a PE ratio of 13.70 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same quarter in the previous year, the business earned $0.71 EPS. On average, equities research analysts forecast that Origin Bancorp will post 2.46 EPS for the current year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.80%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.69%.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently modified their holdings of the company. Stieven Capital Advisors L.P. bought a new stake in Origin Bancorp in the second quarter worth $5,637,000. Wellington Management Group LLP purchased a new position in shares of Origin Bancorp in the third quarter worth about $4,187,000. Dimensional Fund Advisors LP lifted its stake in shares of Origin Bancorp by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after acquiring an additional 102,159 shares during the last quarter. Royce & Associates LP boosted its holdings in Origin Bancorp by 7.3% during the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after acquiring an additional 65,844 shares during the period. Finally, Millennium Management LLC grew its position in Origin Bancorp by 92.3% during the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock worth $3,950,000 after acquiring an additional 59,763 shares during the last quarter. 54.68% of the stock is currently 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.