Origin Bancorp (NYSE:OBK) Hits New 12-Month High – What’s Next?

Origin Bancorp, Inc. (NYSE:OBK) shares reached a new 52-week high on Wednesday . The stock traded as high as $45.36 and last traded at $44.2180, with a volume of 356586 shares. The stock had previously closed at $44.18.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. DA Davidson set a $49.00 target price on Origin Bancorp in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Piper Sandler raised their price objective on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Origin Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Origin Bancorp Trading Up 0.1%

The company has a market cap of $1.37 billion, a price-to-earnings ratio of 18.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50-day moving average is $39.20.

Origin Bancorp (NYSE:OBK) last issued its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. The firm had revenue of $94.00 million for the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th. Origin Bancorp’s dividend payout ratio (DPR) is 25.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at approximately $30,000. Vanguard Group Inc. grew its holdings in Origin Bancorp by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after buying an additional 37,050 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Origin Bancorp by 5.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 11,741 shares of the company’s stock valued at $442,000 after acquiring an additional 579 shares during the period. Allspring Global Investments Holdings LLC increased its position in Origin Bancorp by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company’s stock valued at $551,000 after acquiring an additional 1,282 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Origin Bancorp by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock valued at $6,419,000 after acquiring an additional 24,949 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

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.