Origin Bancorp (NASDAQ:OBK) Sees Large Volume Increase - Should You Buy?

Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) saw strong trading volume on Wednesday . 62,641 shares were traded during mid-day trading, a decline of 41% from the previous session's volume of 106,480 shares.The stock last traded at $35.55 and had previously closed at $34.29.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OBK. Raymond James raised Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. DA Davidson decreased their price objective on Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Stephens upped their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods upped their price objective on Origin Bancorp from $37.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $36.80.

Origin Bancorp Stock Up 2.0 %

The company has a fifty day moving average of $34.43 and a two-hundred day moving average of $33.09. The company has a market cap of $1.09 billion, a PE ratio of 14.39 and a beta of 1.00. 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 (NASDAQ:OBK - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The company had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, analysts anticipate that Origin Bancorp, Inc. will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, November 15th. Origin Bancorp's dividend payout ratio (DPR) is presently 24.69%.

Hedge Funds Weigh In On Origin Bancorp

Several hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Origin Bancorp during the 3rd quarter worth $30,000. Brooklyn Investment Group bought a new position in shares of Origin Bancorp during the 4th quarter worth $48,000. Quantbot Technologies LP grew 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 buying an additional 1,187 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Origin Bancorp during the 3rd quarter worth $160,000. Finally, Point72 Asset Management L.P. grew its position in shares of Origin Bancorp by 775.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 7,003 shares of the company's stock worth $222,000 after buying an additional 6,203 shares in the last quarter. Institutional investors own 54.68% of the company's stock.

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.