Origin Bancorp, Inc. (NASDAQ:OBK) Given Consensus Rating of “Buy” by Analysts

Origin Bancorp, Inc. (NASDAQ:OBK) has been given a consensus recommendation of “Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.80.

OBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. DA Davidson reduced their price objective on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Stephens increased their price objective on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

Origin Bancorp Trading Up 0.8 %

Origin Bancorp stock opened at $35.02 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $37.56. The stock’s 50 day simple moving average is $34.44 and its two-hundred day simple moving average is $33.14. The firm has a market cap of $1.09 billion, a PE ratio of 14.41 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 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 company had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the prior year, the company posted $0.71 EPS. Analysts anticipate that Origin Bancorp will post 2.46 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.69%.

Institutional Trading of Origin Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the 3rd quarter worth $30,000. Brooklyn Investment Group acquired a new stake in shares of Origin Bancorp in the 4th quarter worth $48,000. Quantbot Technologies LP increased its position in shares of Origin Bancorp by 78.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after purchasing an additional 1,187 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Origin Bancorp during the 3rd quarter worth about $160,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Origin Bancorp during the 4th quarter worth about $219,000. 54.68% of the stock is owned by institutional investors and hedge funds.

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.