Origin Bancorp, Inc. (NYSE:OBK) Stock Has Average Price Target of $58.00 According to Analysts

Origin Bancorp, Inc. (NYSE:OBK) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $58.00.

Several equities analysts have commented on the stock. Benchmark raised shares of Origin Bancorp to a “hold” rating in a research report on Thursday, September 24th. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. DA Davidson upped their target price on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 24th. Piper Sandler upped their target price on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Raymond James Financial increased their price target on Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd.

Origin Bancorp Stock Down 0.4%

OBK opened at $51.60 on Tuesday. Origin Bancorp has a fifty-two week low of $32.28 and a fifty-two week high of $55.57. The firm has a market capitalization of $1.59 billion, a P/E ratio of 16.12 and a beta of 0.74. The company’s 50-day moving average is $53.22 and its 200 day moving average is $50.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. The business had revenue of $107.59 million during the quarter. Research analysts expect that Origin Bancorp will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.9%. Origin Bancorp’s payout ratio is currently 31.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OBK. BlackRock Inc. bought a new stake in shares of Origin Bancorp during the 2nd quarter worth $132,196,000. Dimensional Fund Advisors LP grew its position in Origin Bancorp by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock valued at $59,089,000 after buying an additional 49,001 shares during the period. Wellington Management Group LLP grew its position in Origin Bancorp by 1.1% during the second quarter. Wellington Management Group LLP now owns 518,389 shares of the company’s stock valued at $26,516,000 after buying an additional 5,737 shares during the period. Basswood Capital Management L.L.C. bought a new position in Origin Bancorp during the second quarter valued at about $21,391,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Origin Bancorp during the 2nd quarter valued at approximately $18,968,000. Institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

Origin Bancorp, Inc is a financial holding company headquartered in Ruston, Louisiana, and the parent company of Origin Bank. Through its banking operations, the company provides financial services to individuals, businesses, and communities across Louisiana, Texas, and Mississippi.

Origin Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, and business loans.