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

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $36.20.

Several equities research analysts have recently issued reports on the stock. DA Davidson lowered their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stephens raised their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th.

Origin Bancorp Trading Down 1.1 %

OBK stock opened at $35.34 on Wednesday. The company’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $32.02. 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 has a 52-week low of $27.69 and a 52-week high of $37.56. The firm has a market cap of $1.10 billion, a P/E ratio of 14.70 and a beta of 0.98.

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

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. Origin Bancorp’s payout ratio is 24.69%.

Institutional Trading of Origin Bancorp

A number of hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Origin Bancorp by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after acquiring an additional 3,220 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Origin Bancorp by 108.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,021 shares of the company’s stock valued at $740,000 after acquiring an additional 11,993 shares during the last quarter. Quest Partners LLC raised its holdings in Origin Bancorp by 87.1% in the 3rd quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock valued at $512,000 after acquiring an additional 7,408 shares during the last quarter. Natixis Advisors LLC raised its holdings in Origin Bancorp by 10.2% in the 3rd quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock valued at $355,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Origin Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 85,485 shares of the company’s stock worth $2,749,000 after buying an additional 4,288 shares during the last quarter. 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.