Shares of Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $38.35 and last traded at $38.57, with a volume of 67931 shares trading hands. The stock had previously closed at $37.06.
Analyst Ratings Changes
A number of research firms have recently weighed in on OBK. Keefe, Bruyette & Woods raised their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. 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 report on Friday. Stephens restated an "overweight" rating and set a $42.00 price target on shares of Origin Bancorp in a research note on Thursday. Piper Sandler raised their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday. Finally, DA Davidson dropped 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $41.60.
Check Out Our Latest Report on OBK
Origin Bancorp Price Performance
The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $33.30. The stock has a market capitalization of $1.18 billion, a P/E ratio of 15.34 and a beta of 1.00.
Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.34% and a return on equity of 6.91%. The company had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. During the same quarter in the previous year, the business earned $0.71 EPS. On average, analysts expect that Origin Bancorp, Inc. will post 2.43 EPS for the current year.
Origin Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, February 14th. Origin Bancorp's dividend payout ratio (DPR) is currently 24.39%.
Hedge Funds Weigh In On Origin Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tributary Capital Management LLC boosted its stake in shares of Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock worth $15,196,000 after acquiring an additional 110,056 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Origin Bancorp during the 4th quarter worth approximately $219,000. Brooklyn Investment Group purchased a new position in Origin Bancorp in the fourth quarter valued at about $48,000. JPMorgan Chase & Co. lifted its position in shares of Origin Bancorp by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company's stock worth $2,347,000 after purchasing an additional 32,619 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Origin Bancorp by 27.6% in the third quarter. Franklin Resources Inc. now owns 71,321 shares of the company's stock valued at $2,302,000 after purchasing an additional 15,405 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company's stock.
About Origin Bancorp
(
Get Free Report)
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.
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