Brokerages Set Origin Bancorp, Inc. (NYSE:OBK) Target Price at $44.80

Shares of Origin Bancorp, Inc. (NYSE:OBK) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.80.

Several analysts have commented on OBK shares. Zacks Research raised shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday, January 30th. Finally, Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Origin Bancorp Price Performance

Shares of NYSE:OBK opened at $45.56 on Thursday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.98 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50 day simple moving average is $39.91 and its 200-day simple moving average is $37.25. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $46.02.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.88 by $0.07. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%. The business had revenue of $94.00 million for the quarter.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 13th. Origin Bancorp’s payout ratio is 25.00%.

Hedge Funds Weigh In On Origin Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in OBK. The Manufacturers Life Insurance Company raised its position in Origin Bancorp by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock valued at $550,000 after purchasing an additional 300 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Origin Bancorp by 2.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock valued at $474,000 after buying an additional 375 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Origin Bancorp by 4.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,162 shares of the company’s stock valued at $385,000 after buying an additional 460 shares during the period. Mackenzie Financial Corp lifted its position in Origin Bancorp by 2.8% during the 3rd quarter. Mackenzie Financial Corp now owns 18,511 shares of the company’s stock worth $639,000 after acquiring an additional 510 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Origin Bancorp by 1.2% in the 3rd quarter. Swiss National Bank now owns 57,382 shares of the company’s stock worth $1,981,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.