Origin Bancorp (NASDAQ:OBK) Given Outperform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their outperform rating on shares of Origin Bancorp (NASDAQ:OBK) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $45.00 price target on the stock, up from their previous price target of $42.00.

Several other research analysts have also recently weighed in on OBK. Piper Sandler boosted their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. DA Davidson boosted their target price on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James reaffirmed a “strong-buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. Finally, Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Origin Bancorp presently has an average rating of “Buy” and a consensus target price of $43.40.

Origin Bancorp Stock Performance

Origin Bancorp stock opened at $38.44 on Wednesday. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $39.48. The stock has a 50-day simple moving average of $34.74 and a 200 day simple moving average of $33.40. 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 stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.37 and a beta of 1.00.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. Origin Bancorp’s dividend payout ratio is presently 24.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp during the third quarter worth about $30,000. Brooklyn Investment Group bought a new stake in Origin Bancorp during the 4th quarter worth approximately $48,000. Quantbot Technologies LP raised its holdings in 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 buying an additional 1,187 shares during the period. SG Americas Securities LLC bought a new position in Origin Bancorp in the third quarter valued at approximately $160,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Origin Bancorp in the fourth quarter valued at approximately $219,000. Institutional investors own 54.68% of the company’s stock.

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.