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

Shares of Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) have earned an average rating of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.20.

A number of equities research analysts have commented on the company. Stephens raised 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. DA Davidson cut their target price on Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th.

Origin Bancorp Stock Down 0.4 %

Shares of Origin Bancorp stock traded down $0.14 during trading on Friday, reaching $34.36. 73,534 shares of the company traded hands, compared to its average volume of 89,177. The firm has a market capitalization of $1.07 billion, a PE ratio of 14.14 and a beta of 0.98. Origin Bancorp has a 1-year low of $27.69 and a 1-year high of $37.56. The company has a 50 day moving average price of $32.82 and a 200-day moving average price of $32.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share (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 the consensus estimate of $93.40 million. During the same period last year, the company earned $0.71 EPS. As a group, equities research analysts expect that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp's dividend payout ratio is currently 24.69%.

Institutional Investors Weigh In On Origin Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in Origin Bancorp by 14.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company's stock worth $262,000 after purchasing an additional 1,079 shares during the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of Origin Bancorp in the 2nd quarter worth approximately $202,000. Tributary Capital Management LLC boosted its stake in shares of 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Origin Bancorp by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company's stock valued at $4,316,000 after acquiring an additional 5,767 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Origin Bancorp during the second quarter valued at approximately $251,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

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.