Origin Bancorp, Inc. (NYSE:OBK) Receives $43.20 Consensus PT from Analysts

Shares of Origin Bancorp, Inc. (NYSE:OBK) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $43.20.

A number of brokerages recently weighed in on OBK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a research report on Saturday, September 27th. Wall Street Zen raised Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Keefe, Bruyette & Woods increased their price target on Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, DA Davidson increased their price target on Origin Bancorp from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, July 28th.

Origin Bancorp Trading Up 0.4%

OBK opened at $35.04 on Friday. Origin Bancorp has a 12-month low of $28.80 and a 12-month high of $41.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $36.57. The company has a market cap of $1.09 billion, a P/E ratio of 15.64 and a beta of 0.79.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 26.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in Origin Bancorp by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock valued at $550,000 after acquiring an additional 300 shares in the last quarter. CWM LLC raised its position in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after acquiring an additional 315 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. New York State Common Retirement Fund raised its position in Origin Bancorp by 7.1% during the first quarter. New York State Common Retirement Fund now owns 9,046 shares of the company’s stock valued at $314,000 after acquiring an additional 600 shares in the last quarter. Finally, Invesco Ltd. raised its position in Origin Bancorp by 1.2% during the first quarter. Invesco Ltd. now owns 57,405 shares of the company’s stock valued at $1,990,000 after acquiring an additional 657 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other 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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.