Origin Bancorp, Inc. (NYSE:OBK) Given Average Recommendation of “Moderate Buy” by Brokerages

Origin Bancorp, Inc. (NYSE:OBK) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $48.50.

Several research analysts recently issued reports on OBK shares. Stephens increased their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th.

Institutional Trading of Origin Bancorp

Several institutional investors have recently bought and sold shares of OBK. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Origin Bancorp by 5.3% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,917 shares of the company’s stock valued at $577,000 after acquiring an additional 700 shares during the period. Bank of America Corp DE grew its holdings in shares of Origin Bancorp by 71.2% in the 1st quarter. Bank of America Corp DE now owns 74,524 shares of the company’s stock worth $3,090,000 after purchasing an additional 31,005 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Origin Bancorp by 2.6% in the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock worth $753,000 after purchasing an additional 457 shares during the last quarter. Empowered Funds LLC increased its position in shares of Origin Bancorp by 4.9% during the 1st quarter. Empowered Funds LLC now owns 138,469 shares of the company’s stock worth $5,741,000 after purchasing an additional 6,506 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Origin Bancorp during the 1st quarter worth about $280,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Trading Up 0.0%

Shares of Origin Bancorp stock opened at $51.37 on Friday. Origin Bancorp has a 52-week low of $32.13 and a 52-week high of $52.90. The firm has a market capitalization of $1.59 billion, a PE ratio of 19.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The company’s fifty day moving average price is $48.22 and its two-hundred day moving average price is $43.92.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The business had revenue of $104.04 million for the quarter. On average, analysts expect that Origin Bancorp will post 4.03 EPS for the current year.

Origin Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.25 per share. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Origin Bancorp’s dividend payout ratio is 38.76%.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.