Origin Bancorp's (OBK) "Overweight" Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Origin Bancorp (NASDAQ:OBK - Free Report) in a report published on Thursday,Benzinga reports. Stephens currently has a $42.00 price target on the stock.

Several other research firms have also issued reports on OBK. Raymond James raised Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, DA Davidson dropped their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $41.60.

Origin Bancorp Stock Up 1.8 %

OBK traded up $0.67 during trading on Thursday, reaching $37.73. The stock had a trading volume of 376,841 shares, compared to its average volume of 161,296. Origin Bancorp has a one year low of $27.69 and a one year high of $38.76. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.34 and a beta of 1.00. The stock's 50 day moving average is $34.48 and its two-hundred day moving average is $33.25. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

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 (EPS) 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 analysts' expectations of $93.40 million. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, analysts expect that Origin Bancorp will post 2.43 earnings per share for the current year.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, February 14th. Origin Bancorp's payout ratio is presently 24.39%.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company's stock valued at $32,454,000 after buying an additional 102,159 shares during the last quarter. Royce & Associates LP increased its stake in shares of Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company's stock worth $30,934,000 after purchasing an additional 65,844 shares in the last quarter. State Street Corp raised its holdings in Origin Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 844,151 shares of the company's stock worth $27,148,000 after purchasing an additional 16,309 shares during the period. Geode Capital Management LLC lifted its position in Origin Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company's stock valued at $21,654,000 after purchasing an additional 9,435 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in Origin Bancorp by 31.8% during the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock valued at $15,196,000 after purchasing an additional 110,056 shares during the period. 54.68% of the stock is owned by institutional investors.

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.