Origin Bancorp (NYSE:OBK) Reaches New 52-Week High – Should You Buy?

Origin Bancorp, Inc. (NYSE:OBK) hit a new 52-week high during trading on Wednesday . The company traded as high as $52.24 and last traded at $52.2290, with a volume of 36278 shares changing hands. The stock had previously closed at $51.15.

Wall Street Analyst Weigh In

OBK has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Stephens boosted their price objective on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.50.

Origin Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.61 billion, a P/E ratio of 20.17 and a beta of 0.73. The stock’s 50 day moving average is $47.84 and its two-hundred day moving average is $43.69.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The business had revenue of $104.04 million for the quarter. As a group, equities analysts predict that Origin Bancorp, Inc. will post 4.03 EPS for the current year.

Origin Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.25 dividend. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 38.76%.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new position in shares of Origin Bancorp during the third quarter valued at $2,964,000. JPMorgan Chase & Co. boosted its stake in shares of Origin Bancorp by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock valued at $6,419,000 after purchasing an additional 24,949 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of Origin Bancorp during the third quarter worth approximately $1,933,000. Vanguard Group Inc. lifted its holdings in Origin Bancorp by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after buying an additional 37,050 shares during the period. Finally, Endeavour Capital Advisors Inc. boosted its stake in Origin Bancorp by 44.3% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 276,308 shares of the company’s stock valued at $10,392,000 after acquiring an additional 84,812 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

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.