Origin Bancorp, Inc. (NYSE:OBK) Given Average Recommendation of “Moderate Buy” by Analysts

Origin Bancorp, Inc. (NYSE:OBK) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $44.75.

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. DA Davidson set a $49.00 price target on Origin Bancorp in a research note on Friday, January 30th. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised their price objective on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd.

Hedge Funds Weigh In On Origin Bancorp

A number of institutional investors have recently added to or reduced their stakes in OBK. Quarry LP bought a new position in Origin Bancorp in the 3rd quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new stake in Origin Bancorp in the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of Origin Bancorp during the fourth quarter worth $30,000. State of Alaska Department of Revenue bought a new stake in shares of Origin Bancorp during the third quarter worth $47,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after buying an additional 1,832 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Trading Up 0.1%

OBK opened at $41.00 on Friday. Origin Bancorp has a twelve month low of $28.80 and a twelve month high of $46.02. The company has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $38.32. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.08 and a beta of 0.76.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.88 by $0.07. The firm had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. Origin Bancorp’s dividend payout ratio (DPR) is presently 25.00%.

About Origin Bancorp

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.