Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) Target Price at $36.80

Shares of Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) have received a consensus rating of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.80.

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

Institutional Trading of Origin Bancorp

Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the third quarter valued at about $30,000. Brooklyn Investment Group purchased a new position in Origin Bancorp in the fourth quarter valued at about $48,000. Quantbot Technologies LP lifted 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 valued at $87,000 after acquiring an additional 1,187 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Origin Bancorp during the 3rd quarter worth approximately $160,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Origin Bancorp in the 4th quarter worth approximately $219,000. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

Shares of OBK stock traded up $0.29 during mid-day trading on Monday, hitting $35.02. 119,187 shares of the stock were exchanged, compared to its average volume of 118,261. The stock's fifty day simple moving average is $34.42 and its two-hundred day simple moving average is $33.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $37.56. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.41 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. During the same quarter in the prior year, the business earned $0.71 EPS. On average, analysts forecast that Origin Bancorp will post 2.46 EPS for the current year.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. Origin Bancorp's 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.