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

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) 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.

Institutional Trading of Origin Bancorp

Several hedge funds have recently bought and sold shares of the stock. Mariner LLC grew its holdings in Origin Bancorp by 5.4% during the fourth quarter. Mariner LLC now owns 6,965 shares of the company’s stock valued at $232,000 after purchasing an additional 356 shares during the period. Barclays PLC grew its holdings in Origin Bancorp by 1.1% during the fourth quarter. Barclays PLC now owns 79,058 shares of the company’s stock valued at $2,632,000 after purchasing an additional 871 shares during the period. Sterling Capital Management LLC grew its holdings in Origin Bancorp by 812.6% during the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock valued at $31,000 after purchasing an additional 837 shares during the period. Raymond James Financial Inc. bought a new stake in Origin Bancorp during the fourth quarter valued at about $807,000. Finally, Russell Investments Group Ltd. grew its holdings in Origin Bancorp by 67.7% during the fourth quarter. Russell Investments Group Ltd. now owns 171,505 shares of the company’s stock valued at $5,709,000 after purchasing an additional 69,241 shares during the period. Institutional investors own 54.68% of the company’s stock.

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.