Analysts Set Origin Bancorp, Inc. (NYSE:OBK) Target Price at $44.75
by Danessa Lincoln · The Markets DailyShares of Origin Bancorp, Inc. (NYSE:OBK – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $46.6667.
Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings upgraded shares of Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, DA Davidson set a $49.00 target price on Origin Bancorp in a report on Friday, January 30th.
View Our Latest Stock Analysis on OBK
Hedge Funds Weigh In On Origin Bancorp
Institutional investors have recently added to or reduced their stakes in the business. Tributary Capital Management LLC grew its holdings in Origin Bancorp by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after buying an additional 379,716 shares during the period. Franklin Resources Inc. grew its stake in shares of Origin Bancorp by 25.6% during the 2nd quarter. Franklin Resources Inc. now owns 138,574 shares of the company’s stock valued at $4,953,000 after buying an additional 28,263 shares during the period. Endeavour Capital Advisors Inc. increased its holdings in shares of Origin Bancorp by 2,277.7% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock worth $6,610,000 after buying an additional 183,442 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. purchased a new position in shares of Origin Bancorp in the 3rd quarter worth $1,933,000. Finally, Azora Capital LP purchased a new position in shares of Origin Bancorp in the 2nd quarter worth $584,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.
Origin Bancorp Stock Performance
Shares of OBK stock opened at $41.72 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $1.29 billion, a PE ratio of 17.38 and a beta of 0.68. Origin Bancorp has a 1 year low of $28.80 and a 1 year high of $46.02. The stock has a fifty day moving average price of $42.24 and a 200 day moving average price of $38.46.
Origin Bancorp (NYSE:OBK – Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.21% and a net margin of 12.58%.The business had revenue of $94.00 million during the quarter.
Origin Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Origin Bancorp’s dividend payout ratio (DPR) is 25.00%.
Origin Bancorp Company Profile
Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.
Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.