Origin Bancorp, Inc. (NYSE:OBK) Receives Average Rating of “Moderate Buy” from Brokerages

Origin Bancorp, Inc. (NYSE:OBK) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $48.50.

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens lifted their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, April 24th.

Origin Bancorp Price Performance

Shares of OBK opened at $48.68 on Wednesday. Origin Bancorp has a twelve month low of $32.13 and a twelve month high of $49.50. The firm has a market cap of $1.50 billion, a PE ratio of 18.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50 day moving average price is $45.85 and its 200 day moving average price is $42.28.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The firm had revenue of $104.04 million during the quarter. As a group, research analysts expect that Origin Bancorp will post 4.01 EPS for the current fiscal year.

Origin Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.25 dividend. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. Origin Bancorp’s payout ratio is 38.76%.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Origin Bancorp in the fourth quarter valued at approximately $27,000. Quarry LP acquired a new stake in shares of Origin Bancorp in the third quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in shares of Origin Bancorp in the fourth quarter worth $30,000. PNC Financial Services Group Inc. grew its stake in shares of Origin Bancorp by 42.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock worth $104,000 after acquiring an additional 751 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock worth $94,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

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.