Origin Bancorp's (OBK) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Origin Bancorp (NASDAQ:OBK - Free Report) in a report released on Thursday morning,Benzinga reports. Stephens currently has a $45.00 target price on the stock.

A number of other equities research analysts have also commented on OBK. DA Davidson increased their price target on Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Piper Sandler boosted their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $44.00.

Origin Bancorp Stock Up 2.7 %

Shares of OBK traded up $0.96 on Thursday, reaching $36.07. The company's stock had a trading volume of 92,696 shares, compared to its average volume of 111,425. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $41.17. The stock has a market capitalization of $1.13 billion, a PE ratio of 14.66 and a beta of 0.96. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $37.52 and a 200-day moving average of $34.75.

Remove Ads

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.66%. Origin Bancorp's payout ratio is currently 24.39%.

Institutional Trading of Origin Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. Rhino Investment Partners Inc bought a new position in shares of Origin Bancorp during the 4th quarter valued at approximately $15,077,000. Bank of New York Mellon Corp lifted its stake in Origin Bancorp by 156.7% in the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock valued at $10,650,000 after purchasing an additional 195,293 shares during the last quarter. Wellington Management Group LLP bought a new position in Origin Bancorp during the third quarter valued at $4,187,000. Deprince Race & Zollo Inc. purchased a new stake in Origin Bancorp in the fourth quarter worth $3,836,000. Finally, Tributary Capital Management LLC raised its stake in shares of Origin Bancorp by 31.8% in the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company's stock valued at $15,196,000 after buying an additional 110,056 shares during the period. Hedge funds and other 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.