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

Origin Bancorp, Inc. (NYSE:OBK) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.00.

OBK has been the topic of several recent research reports. DA Davidson boosted their price objective on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th.

Origin Bancorp Price Performance

Shares of NYSE:OBK opened at $52.86 on Monday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $52.27 and its 200-day simple moving average is $47.24. Origin Bancorp has a 12 month low of $32.13 and a 12 month high of $55.57.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $107.59 million during the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. As a group, equities analysts forecast that Origin Bancorp will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio is 31.25%.

Hedge Funds Weigh In On Origin Bancorp

A number of institutional investors have recently made changes to their positions in OBK. Nykredit A S purchased a new stake in shares of Origin Bancorp in the second quarter valued at $25,000. Wellington Management Group LLP increased its position in Origin Bancorp by 1.1% during the 2nd quarter. Wellington Management Group LLP now owns 518,389 shares of the company’s stock worth $26,516,000 after purchasing an additional 5,737 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at about $476,000. Empowered Funds LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at about $7,366,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Origin Bancorp in the 2nd quarter valued at about $98,000. 54.68% of the stock is owned by institutional investors and hedge funds.

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.