Origin Bancorp (NASDAQ:OBK) Price Target Raised to $44.00

Origin Bancorp (NASDAQ:OBK) had its price objective upped by DA Davidson from $41.00 to $44.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for Origin Bancorp’s Q1 2025 earnings at $0.66 EPS.

Several other brokerages have also recently issued reports on OBK. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Raymond James reiterated a “strong-buy” rating and set a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Piper Sandler raised their price target on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $43.40.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $38.44 on Monday. The company has a 50-day simple moving average of $34.74 and a two-hundred day simple moving average of $33.40. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $39.48. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 15.63 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. Origin Bancorp’s dividend payout ratio (DPR) is currently 24.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in shares of Origin Bancorp by 19.6% in the second quarter. Envestnet Asset Management Inc. now owns 60,044 shares of the company’s stock worth $1,905,000 after acquiring an additional 9,851 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 102,159 shares during the last quarter. Hsbc Holdings PLC boosted its position in Origin Bancorp by 20.2% in the second quarter. Hsbc Holdings PLC now owns 16,007 shares of the company’s stock valued at $503,000 after buying an additional 2,692 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Origin Bancorp by 120.1% during the second quarter. Cubist Systematic Strategies LLC now owns 25,650 shares of the company’s stock worth $814,000 after buying an additional 13,996 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Origin Bancorp by 72.7% during the second quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock worth $710,000 after buying an additional 9,425 shares in the last quarter. Institutional investors 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.