Origin Bancorp, Inc. (NYSE:OBK) Receives Average Rating of “Moderate Buy” from Analysts

Origin Bancorp, Inc. (NYSE:OBK) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $58.00.

Several analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a report on Thursday, July 23rd. Piper Sandler raised their target price on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. DA Davidson raised their target price on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st.

Hedge Funds Weigh In On Origin Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in OBK. AQR Capital Management LLC lifted its position in shares of Origin Bancorp by 50.5% in the first quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock valued at $1,354,000 after acquiring an additional 13,107 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Origin Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock valued at $605,000 after acquiring an additional 775 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Origin Bancorp by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock valued at $22,660,000 after acquiring an additional 20,146 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Origin Bancorp by 49.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock valued at $2,491,000 after acquiring an additional 23,906 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Origin Bancorp by 97.9% in the first quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock valued at $4,089,000 after acquiring an additional 58,340 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Performance

Shares of OBK stock traded down $0.25 during mid-day trading on Monday, reaching $53.00. The stock had a trading volume of 59,524 shares, compared to its average volume of 185,454. The business’s fifty day moving average is $52.67 and its 200-day moving average is $47.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 16.56 and a beta of 0.72. Origin Bancorp has a 1-year low of $32.13 and a 1-year high of $55.57.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, research analysts forecast that Origin Bancorp will post 4.13 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is 31.25%.

About Origin Bancorp

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Ruston, Louisiana, 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.