Origin Bancorp, Inc. (NASDAQ:OBK) Receives $43.40 Average Target Price from Brokerages

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been assigned an average rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $43.40.

OBK has been the subject of several research analyst reports. Raymond James restated a “strong-buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Piper Sandler upped their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Stephens restated an “overweight” rating and set a $42.00 target price on shares of Origin Bancorp in a research report on Thursday, January 23rd. Finally, DA Davidson lifted their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.

Origin Bancorp Trading Down 0.8 %

Shares of Origin Bancorp stock opened at $35.56 on Tuesday. 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 firm has a market cap of $1.11 billion, a price-to-earnings ratio of 14.45 and a beta of 0.96. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $41.17. The business has a 50-day moving average price of $37.25 and a 200-day moving average price of $34.66.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OBK. Victory Capital Management Inc. grew its holdings in shares of Origin Bancorp by 11.5% in the third quarter. Victory Capital Management Inc. now owns 38,800 shares of the company’s stock worth $1,248,000 after purchasing an additional 4,000 shares during the last quarter. Royce & Associates LP boosted its position in Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after buying an additional 65,844 shares during the period. Empowered Funds LLC increased its position in shares of Origin Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 85,485 shares of the company’s stock worth $2,749,000 after acquiring an additional 4,288 shares during the period. Natixis Advisors LLC increased its position in shares of Origin Bancorp by 10.2% during the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after acquiring an additional 1,017 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Origin Bancorp by 87.1% during the third quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock valued at $512,000 after acquiring an additional 7,408 shares in the last quarter. Hedge funds and other institutional investors 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.