Origin Bancorp, Inc. (NASDAQ:OBK) Receives Average Recommendation of “Buy” from Analysts

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have earned an average rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.80.

OBK has been the subject of a number of research reports. DA Davidson lowered their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

Institutional Trading of Origin Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in OBK. JPMorgan Chase & Co. boosted its position in shares of Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock worth $2,302,000 after buying an additional 15,405 shares during the period. Geode Capital Management LLC raised its position in shares of Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after acquiring an additional 9,435 shares during the period. Barclays PLC boosted its stake in Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Origin Bancorp in the 3rd quarter valued at $542,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

NASDAQ:OBK opened at $33.01 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.03 billion, a PE ratio of 13.58 and a beta of 1.00. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $37.56. The company’s 50-day moving average price is $34.09 and its two-hundred day moving average price is $32.83.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The business had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts anticipate that Origin Bancorp will post 2.46 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, November 15th. Origin Bancorp’s dividend payout ratio is 24.69%.

About Origin Bancorp

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.