Origin Bancorp (NASDAQ:OBK - Free Report) had its price objective boosted by Piper Sandler from $35.00 to $42.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.
OBK has been the topic of several other research reports. DA Davidson reduced 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 restated an "overweight" rating and set a $42.00 target price on shares of Origin Bancorp in a research report on Thursday. Raymond James upgraded Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted 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 given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Origin Bancorp has a consensus rating of "Buy" and an average target price of $41.60.
Get Our Latest Research Report on OBK
Origin Bancorp Price Performance
OBK traded up $0.67 during trading on Friday, hitting $37.73. The company's stock had a trading volume of 376,841 shares, compared to its average volume of 104,786. The firm's 50 day moving average price is $34.54 and its two-hundred day moving average price is $33.30. 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 stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.34 and a beta of 1.00. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $38.76.
Origin Bancorp (NASDAQ:OBK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 6.91% and a net margin of 12.34%. The company had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same quarter last year, the company earned $0.71 EPS. Sell-side analysts forecast that Origin Bancorp will post 2.43 earnings per share for the current fiscal year.
Origin Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. Origin Bancorp's dividend payout ratio is presently 24.39%.
Institutional Trading of Origin Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Origin Bancorp in the third quarter valued at about $30,000. Brooklyn Investment Group acquired a new position in shares of Origin Bancorp in the 4th quarter valued at approximately $48,000. Quantbot Technologies LP increased its stake in 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 purchasing an additional 1,187 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Origin Bancorp during the 3rd quarter worth approximately $160,000. Finally, Janney Montgomery Scott LLC bought a new position in Origin Bancorp in the fourth quarter valued at approximately $219,000. 54.68% of the stock is owned by institutional investors.
About Origin Bancorp
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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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