Origin Bancorp (NASDAQ:OBK) Price Target Raised to $42.00 at Piper Sandler

Origin Bancorp (NASDAQ:OBK) had its price objective hoisted by Piper Sandler from $35.00 to $42.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also weighed in on OBK. Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a report on Thursday. DA Davidson decreased their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price objective 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, Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $41.60.

Origin Bancorp Stock Up 1.8 %

Origin Bancorp stock opened at $37.73 on Friday. The business has a fifty day moving average price of $34.48 and a 200-day moving average price of $33.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a 1-year low of $27.69 and a 1-year high of $38.76. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.37 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.34% and a return on equity of 6.91%. The company had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same quarter in the previous year, the company posted $0.71 EPS. Equities research analysts forecast that Origin Bancorp will post 2.43 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. Origin Bancorp’s dividend payout ratio (DPR) is 24.39%.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Origin Bancorp during the 3rd quarter worth $30,000. Brooklyn Investment Group acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at approximately $48,000. Quantbot Technologies LP raised its holdings in shares of Origin Bancorp by 78.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after acquiring an additional 1,187 shares during the period. SG Americas Securities LLC acquired a new position in shares of Origin Bancorp during the 3rd quarter valued at about $160,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp in the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Company Profile

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.