Origin Bancorp, Inc. (TXSE:OBK) Stock Has Consensus Target Price of $58.00 According to Brokerages

Shares of Origin Bancorp, Inc. (TXSE:OBK) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $58.00.

A number of research analysts have weighed in on OBK shares. Benchmark raised shares of Origin Bancorp to a “hold” rating in a research note on Thursday, September 24th. Piper Sandler increased their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Keefe, Bruyette & Woods increased their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, DA Davidson increased their price objective on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Origin Bancorp during the second quarter valued at $132,196,000. Basswood Capital Management L.L.C. bought a new position in shares of Origin Bancorp in the second quarter worth about $21,391,000. Bank of New York Mellon Corp acquired a new stake in Origin Bancorp in the second quarter worth $18,968,000. Empowered Funds LLC bought a new position in shares of Origin Bancorp during the 2nd quarter worth approximately $7,366,000. Finally, Great Lakes Advisors LLC bought a new position in Origin Bancorp during the second quarter worth $5,469,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

OBK opened at $53.24 on Friday. Origin Bancorp has a 52-week low of $32.28 and a 52-week high of $58.00. The company has a market cap of $1.64 billion, a P/E ratio of 16.64 and a beta of 0.74. The firm’s 50-day moving average price is $53.00 and its 200-day moving average price is $48.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Origin Bancorp (TXSE:OBK) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 EPS for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. The company had revenue of $113.22 million during the quarter. As a group, equities analysts anticipate that Origin Bancorp will post 4.11 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 13th. Origin Bancorp’s dividend payout ratio is presently 26.99%.

About Origin Bancorp

Origin Bancorp, Inc is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities.

Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.

The bank serves customers through banking locations and digital channels across Louisiana, Texas and Mississippi.