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

Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) has been assigned an average recommendation of "Buy" from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $43.40.

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

Origin Bancorp Price Performance

Shares of OBK traded up $1.21 during trading hours on Tuesday, reaching $35.85. 131,723 shares of the stock traded hands, compared to its average volume of 112,378. Origin Bancorp has a 52-week low of $27.69 and a 52-week high of $41.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.12 billion, a P/E ratio of 14.57 and a beta of 0.96. The company's 50-day moving average price is $37.15 and its two-hundred day moving average price is $34.60.

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Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Friday, February 14th. Origin Bancorp's dividend payout ratio is presently 24.39%.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently bought and sold shares of the business. Pitcairn Co. lifted its holdings in shares of Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company's stock valued at $286,000 after acquiring an additional 343 shares during the last quarter. Comerica Bank lifted its stake 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 purchasing an additional 347 shares during the last quarter. Mariner LLC lifted its stake in shares of Origin Bancorp by 5.4% in the 4th quarter. Mariner LLC now owns 6,965 shares of the company's stock valued at $232,000 after purchasing an additional 356 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Origin Bancorp by 1.5% in the 3rd quarter. Fisher Asset Management LLC now owns 40,329 shares of the company's stock worth $1,297,000 after purchasing an additional 612 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Origin Bancorp by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company's stock valued at $555,000 after buying an additional 636 shares during the period. Institutional investors own 54.68% of the company's stock.

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.