Piper Sandler reaffirmed their neutral rating on shares of Origin Bancorp (NASDAQ:OBK – Free Report) in a report published on Friday, Benzinga reports. The firm currently has a $32.00 price target on the stock, up from their prior price target of $30.00.
Several other brokerages have also recently issued reports on OBK. Raymond James increased their price objective on Origin Bancorp from $33.00 to $34.00 and gave the company an outperform rating in a research note on Friday, January 26th. DA Davidson reiterated a buy rating on shares of Origin Bancorp in a research note on Monday, January 15th. Finally, TheStreet cut Origin Bancorp from a b- rating to a c+ rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $33.33.
Check Out Our Latest Analysis on Origin Bancorp
Origin Bancorp Stock Up 0.1 %
Origin Bancorp (NASDAQ:OBK – Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $81.19 million during the quarter, compared to analyst estimates of $88.20 million. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. Research analysts anticipate that Origin Bancorp will post 2.43 EPS for the current year.
Origin Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, May 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.
Hedge Funds Weigh In On Origin Bancorp
Several large investors have recently bought and sold shares of the business. Tributary Capital Management LLC purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $11,175,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $2,032,000. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $225,000. Tyche Wealth Partners LLC purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $226,000. Finally, SG Americas Securities LLC purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $311,000. 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.
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