Origin Bancorp, Inc. (OBK) – What Are Investment Firms Saying About This Stock?

Origin Bancorp, Inc. (TXSE:OBK) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $58.00.

A number of equities research analysts have recently weighed in on OBK shares. Raymond James Financial raised their price target on Origin Bancorp from $56.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Weiss Ratings upgraded Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Piper Sandler lifted 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. Benchmark upgraded Origin Bancorp to a “hold” rating in a research note on Thursday, September 24th. Finally, Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th.

Institutional Investors Weigh In On Origin Bancorp

A number of hedge funds have recently added to or reduced their stakes in OBK. Nykredit A S acquired a new stake in shares of Origin Bancorp in the 2nd quarter valued at approximately $25,000. Allworth Financial LP bought a new stake in Origin Bancorp in the 2nd quarter valued at about $30,000. Integrated Wealth Concepts LLC bought a new stake in shares of Origin Bancorp in the 2nd quarter worth $47,000. USA Financial Formulas purchased a new stake in shares of Origin Bancorp in the third quarter valued at $49,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Origin Bancorp during the 3rd quarter worth $75,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Price Performance

TXSE OBK opened at $53.24 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average price is $53.00 and its 200-day moving average price is $48.57. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 16.64 and a beta of 0.74. Origin Bancorp has a 1-year low of $32.28 and a 1-year high of $58.00.

Origin Bancorp (TXSE:OBK) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. The business had revenue of $113.22 million for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. On average, equities analysts predict that Origin Bancorp will post 4.11 earnings per share for the current year.

Origin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Origin Bancorp’s payout ratio is presently 26.99%.

About Origin Bancorp

Origin Bancorp, Inc is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities.

Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.

The bank serves customers through banking locations and digital channels across Louisiana, Texas and Mississippi.