Shares of Origin Bancorp, Inc. (NASDAQ:OBK – Get Free Report) have received an average recommendation of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.40.
A number of analysts have commented on OBK shares. Piper Sandler lifted their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Stephens reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a report on Thursday, January 23rd. DA Davidson lifted their price objective on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th.
Read Our Latest Analysis on OBK
Institutional Trading of Origin Bancorp
Origin Bancorp Stock Up 0.6 %
Origin Bancorp stock opened at $40.76 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 16.57 and a beta of 1.00. The stock has a fifty day simple moving average of $35.73 and a two-hundred day simple moving average of $33.67. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $41.04. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.
Origin Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, February 14th. Origin Bancorp’s dividend payout ratio is presently 24.39%.
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.
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