Origin Bancorp, Inc. (NYSE:OBK) Receives $55.00 Average Target Price from Analysts

Shares of Origin Bancorp, Inc. (NYSE:OBK) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.00.

A number of brokerages have commented on OBK. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a report on Thursday, July 23rd. DA Davidson lifted their price objective on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stephens boosted their price objective on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Origin Bancorp in a research report on Friday, July 24th.

Hedge Funds Weigh In On Origin Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of OBK. Quarry LP bought a new stake in shares of Origin Bancorp in the 3rd quarter valued at $25,000. Kestra Advisory Services LLC bought a new position in Origin Bancorp during the fourth quarter worth $27,000. International Assets Investment Management LLC bought a new position in Origin Bancorp during the fourth quarter worth $30,000. Tower Research Capital LLC TRC grew its holdings in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after purchasing an additional 1,832 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Origin Bancorp by 42.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock worth $104,000 after purchasing an additional 751 shares during the period. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Stock Up 0.2%

Origin Bancorp stock opened at $54.85 on Thursday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 17.14 and a beta of 0.72. Origin Bancorp has a 52-week low of $32.13 and a 52-week high of $55.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50 day moving average price of $50.68 and a two-hundred day moving average price of $46.01.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Origin Bancorp had a net margin of 16.26% and a return on equity of 8.03%. The company had revenue of $107.59 million for the quarter. Equities analysts predict that Origin Bancorp will post 4.13 EPS for the current year.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s payout ratio is presently 31.25%.

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.