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

by · The Markets Daily

Shares of Origin Bancorp, Inc. (NASDAQ:OBK – Get Free Report) have earned an average rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.80.

OBK has been the subject of a number of research reports. DA Davidson lowered their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

Get Our Latest Analysis on Origin Bancorp

Institutional Trading of Origin Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in OBK. JPMorgan Chase & Co. boosted its position in shares of Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock worth $2,302,000 after buying an additional 15,405 shares during the period. Geode Capital Management LLC raised its position in shares of Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after acquiring an additional 9,435 shares during the period. Barclays PLC boosted its stake in Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Origin Bancorp in the 3rd quarter valued at $542,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

NASDAQ:OBK opened at $33.01 on Thursday. 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 $1.03 billion, a PE ratio of 13.58 and a beta of 1.00. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $37.56. The company’s 50-day moving average price is $34.09 and its two-hundred day moving average price is $32.83.

Origin Bancorp (NASDAQ:OBK – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The business had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts anticipate that Origin Bancorp will post 2.46 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, November 15th. Origin Bancorp’s dividend payout ratio is 24.69%.

About Origin Bancorp

(Get Free Report

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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