Origin Bancorp, Inc. (NASDAQ:OBNK) Given Average Rating of “Buy” by Analysts

Shares of Origin Bancorp, Inc. (NASDAQ:OBNK) have been given an average recommendation of “Buy” by the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.67.

Separately, Zacks Investment Research lowered shares of Origin Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 4th.

Shares of OBNK stock opened at $41.12 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.99 and a quick ratio of 0.97. The company has a market capitalization of $966.40 million, a P/E ratio of 11.55 and a beta of 1.15. The company’s 50-day simple moving average is $40.64 and its two-hundred day simple moving average is $42.16. Origin Bancorp has a one year low of $19.40 and a one year high of $46.65.

Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings results on Tuesday, July 27th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.18. Origin Bancorp had a net margin of 27.60% and a return on equity of 12.81%. The firm had revenue of $66.73 million during the quarter, compared to analysts’ expectations of $69.59 million. On average, research analysts expect that Origin Bancorp will post 4.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Friday, August 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, August 19th. Origin Bancorp’s dividend payout ratio is presently 33.55%.

Several institutional investors and hedge funds have recently made changes to their positions in OBNK. BNP Paribas Arbitrage SA raised its position in Origin Bancorp by 83.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,615 shares of the company’s stock valued at $450,000 after purchasing an additional 4,822 shares during the last quarter. Sei Investments Co. lifted its holdings in Origin Bancorp by 11.9% in the 1st quarter. Sei Investments Co. now owns 51,830 shares of the company’s stock valued at $2,198,000 after purchasing an additional 5,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Origin Bancorp by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 226,920 shares of the company’s stock valued at $9,658,000 after purchasing an additional 9,485 shares in the last quarter. BlackRock Inc. lifted its holdings in Origin Bancorp by 5.9% in the 1st quarter. BlackRock Inc. now owns 1,742,168 shares of the company’s stock valued at $73,885,000 after purchasing an additional 97,363 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Origin Bancorp by 5.3% during the 1st quarter. State of Wisconsin Investment Board now owns 128,200 shares of the company’s stock worth $5,437,000 after acquiring an additional 6,500 shares during the period. Institutional investors and hedge funds own 55.33% of the company’s stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients. The firm’s products and services include lending, deposits, mortgage banking, and insurance. It also offers other banking services such as Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.

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