Origin Bancorp, Inc. (NASDAQ:OBK) Receives $36.20 Consensus PT from Analysts

Shares of Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $36.20.

OBK has been the subject of several recent analyst reports. DA Davidson dropped their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday. Stephens upped their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th.

Institutional Trading of Origin Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Stieven Capital Advisors L.P. purchased a new stake in shares of Origin Bancorp during the second quarter valued at approximately $5,637,000. Dimensional Fund Advisors LP increased its stake in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company's stock worth $32,454,000 after buying an additional 102,159 shares during the period. Royce & Associates LP increased its stake in Origin Bancorp by 7.3% during the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company's stock worth $30,934,000 after buying an additional 65,844 shares during the period. Tributary Capital Management LLC lifted its holdings in Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company's stock worth $12,640,000 after buying an additional 65,266 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Origin Bancorp by 92.3% in the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company's stock valued at $3,950,000 after buying an additional 59,763 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 11.8 %

NASDAQ OBK traded up $3.77 during mid-day trading on Wednesday, reaching $35.61. 387,948 shares of the stock were exchanged, compared to its average volume of 104,563. The business's fifty day simple moving average is $32.10 and its 200 day simple moving average is $31.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.11 billion, a PE ratio of 14.65 and a beta of 0.98. Origin Bancorp has a 1-year low of $27.69 and a 1-year high of $37.56.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a return on equity of 7.48% and a net margin of 12.12%. During the same quarter last year, the business earned $0.71 EPS. On average, research analysts anticipate that Origin Bancorp will post 2.47 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.68%. Origin Bancorp's dividend payout ratio 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.