Origin Bancorp (NASDAQ:OBK) Price Target Increased to $38.00 by Analysts at Stephens

Origin Bancorp (NASDAQ:OBK) had its price objective upped by Stephens from $37.00 to $38.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Origin Bancorp currently has an average rating of “Moderate Buy” and an average target price of $35.75.

Origin Bancorp Stock Down 0.4 %

OBK stock opened at $31.21 on Friday. The stock has a market capitalization of $971.88 million, a P/E ratio of 11.91 and a beta of 0.99. The firm has a 50-day simple moving average of $32.10 and a 200-day simple moving average of $31.68. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. Origin Bancorp has a 52 week low of $27.46 and a 52 week high of $37.56.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. The business had revenue of $160.25 million for the quarter, compared to analysts’ expectations of $93.40 million. During the same period in the prior year, the company posted $0.71 EPS. Equities analysts forecast that Origin Bancorp will post 2.61 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.92%. Origin Bancorp’s payout ratio is 22.90%.

Hedge Funds Weigh In On Origin Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of OBK. nVerses Capital LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Origin Bancorp in the 2nd quarter worth approximately $91,000. SG Americas Securities LLC acquired a new position in shares of Origin Bancorp in the 3rd quarter worth approximately $160,000. Carl Stuart Investment Advisor Inc. acquired a new position in shares of Origin Bancorp in the 2nd quarter worth approximately $201,000. Finally, Tyche Wealth Partners LLC acquired a new position in shares of Origin Bancorp in the 2nd quarter worth approximately $202,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

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.