Origin Bancorp, Inc. (NASDAQ:OBK) Receives $43.40 Consensus Price Target from Analysts

Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) has been given an average rating of "Buy" by the five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $43.40.

OBK has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and set a $42.00 price target on shares of Origin Bancorp in a report on Thursday, January 23rd. Raymond James reiterated a "strong-buy" rating and set a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Piper Sandler boosted their target price on Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Finally, DA Davidson raised their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OBK. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the 3rd quarter valued at $30,000. Sterling Capital Management LLC raised its stake in Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company's stock valued at $31,000 after buying an additional 837 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Origin Bancorp during the 4th quarter worth about $48,000. Quantbot Technologies LP boosted 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 acquiring an additional 1,187 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock valued at $100,000 after acquiring an additional 347 shares during the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Trading Down 1.5 %

OBK traded down $0.59 during trading hours on Friday, reaching $40.16. The company's stock had a trading volume of 113,483 shares, compared to its average volume of 182,241. The stock has a market cap of $1.25 billion, a PE ratio of 16.32 and a beta of 1.00. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $41.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The business's 50-day moving average is $35.89 and its 200-day moving average is $33.75.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.49%. Origin Bancorp's dividend payout ratio is presently 24.39%.

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.