Origin Bancorp, Inc. (NASDAQ:OBK) Receives Average Rating of "Buy" from Analysts

Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) has been assigned an average recommendation of "Buy" from the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $36.80.

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

Institutional Investors Weigh In On Origin Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Origin Bancorp by 2.0% during the third quarter. State Street Corp now owns 844,151 shares of the company's stock worth $27,148,000 after buying an additional 16,309 shares during the last quarter. Barclays PLC lifted its position in Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company's stock worth $2,515,000 after acquiring an additional 34,733 shares during the period. International Assets Investment Management LLC grew its stake in shares of Origin Bancorp by 3,116.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,281 shares of the company's stock valued at $755,000 after purchasing an additional 23,526 shares during the last quarter. Wakefield Asset Management LLLP acquired a new position in shares of Origin Bancorp in the second quarter valued at approximately $902,000. Finally, Linscomb Wealth Inc. purchased a new stake in shares of Origin Bancorp during the second quarter worth approximately $614,000. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Up 0.2 %

OBK traded up $0.06 on Thursday, hitting $33.59. 54,714 shares of the company were exchanged, compared to its average volume of 107,912. The firm has a 50-day moving average price of $34.06 and a two-hundred day moving average price of $32.72. 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 twelve month low of $27.69 and a twelve month high of $37.56. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.82 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $93.40 million. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts predict that Origin Bancorp will post 2.46 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp's dividend payout ratio (DPR) is currently 24.69%.

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, 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.