Analysts Set Origin Bancorp, Inc. (NYSE:OBK) Target Price at $44.75

Shares of Origin Bancorp, Inc. (NYSE:OBK) have received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $44.75.

Several equities research analysts have recently issued reports on OBK shares. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings raised shares of Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, DA Davidson set a $49.00 price target on shares of Origin Bancorp in a research note on Friday, January 30th.

Hedge Funds Weigh In On Origin Bancorp

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 acquiring an additional 37,050 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Origin Bancorp by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,376,219 shares of the company’s stock valued at $51,760,000 after purchasing an additional 16,639 shares during the period. State Street Corp lifted its position in shares of Origin Bancorp by 1.2% during the fourth quarter. State Street Corp now owns 923,148 shares of the company’s stock worth $34,720,000 after purchasing an additional 10,741 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Origin Bancorp by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock worth $29,997,000 after purchasing an additional 116,410 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in shares of Origin Bancorp by 92.5% in the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after purchasing an additional 379,716 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Up 1.4%

Shares of NYSE:OBK opened at $41.35 on Friday. Origin Bancorp has a 52-week low of $28.80 and a 52-week high of $46.02. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $42.25 and a two-hundred day moving average of $38.42. The stock has a market cap of $1.28 billion, a P/E ratio of 17.23 and a beta of 0.76.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.21% and a net margin of 12.58%.The firm had revenue of $94.00 million during the quarter.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. Origin Bancorp’s dividend payout ratio (DPR) is presently 25.00%.

Origin Bancorp Company Profile

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.