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

Origin Bancorp, Inc. (NYSE:OBK) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $48.50.

Several research firms recently weighed in on OBK. DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Stephens lifted their price objective on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in Origin Bancorp in the 4th quarter valued at $27,000. Quarry LP acquired a new position in Origin Bancorp in the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Origin Bancorp in the 4th quarter valued at $30,000. State of Alaska Department of Revenue acquired a new position in Origin Bancorp in the 3rd quarter valued at $47,000. Finally, PNC Financial Services Group Inc. raised its holdings in Origin Bancorp by 42.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock valued at $104,000 after acquiring an additional 751 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

NYSE:OBK opened at $45.35 on Friday. The stock has a market cap of $1.40 billion, a P/E ratio of 17.58 and a beta of 0.73. The stock has a 50 day simple moving average of $43.59 and a 200 day simple moving average of $40.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp has a 1-year low of $32.13 and a 1-year high of $48.12.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The firm had revenue of $104.04 million for the quarter. Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%. Research analysts anticipate that Origin Bancorp will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.2%. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s payout ratio is presently 23.26%.

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.