Brokerages Set Origin Bancorp, Inc. (NYSE:OBK) Target Price at $58.00

by · The Markets Daily

Shares of Origin Bancorp, Inc. (NYSE:OBK – Get Free Report) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $58.00.

A number of equities analysts have recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a report on Thursday, July 23rd. Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. DA Davidson boosted their price objective on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Piper Sandler upped their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st.

Check Out Our Latest Stock Analysis on OBK

Origin Bancorp Trading Up 0.2%

Shares of Origin Bancorp stock opened at $53.34 on Monday. The business has a fifty day simple moving average of $52.67 and a 200-day simple moving average of $47.52. Origin Bancorp has a fifty-two week low of $32.13 and a fifty-two week high of $55.57. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 16.67 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Origin Bancorp (NYSE:OBK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. On average, equities analysts forecast that Origin Bancorp will post 4.13 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 31.25%.

Hedge Funds Weigh In On Origin Bancorp

Several institutional investors have recently bought and sold shares of the stock. Nykredit A S acquired a new stake in Origin Bancorp in the 2nd quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of Origin Bancorp during the third quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new position in shares of Origin Bancorp during the fourth quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of Origin Bancorp in the fourth quarter valued at approximately $30,000. Finally, Allworth Financial LP bought a new stake in shares of Origin Bancorp in the second quarter valued at approximately $30,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Company Profile

(Get Free Report)

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.

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