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

Origin Bancorp, Inc. (NYSE:OBK) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $42.80.

Several research analysts recently weighed in on OBK shares. DA Davidson started coverage on shares of Origin Bancorp in a research report on Tuesday, November 25th. They issued a “buy” rating and a $42.00 price objective on the stock. Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research lowered shares of Origin Bancorp from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Piper Sandler lifted their price objective on shares of Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a report on Wednesday, October 8th.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $40.45 on Friday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 21.18 and a beta of 0.74. Origin Bancorp has a 52-week low of $28.80 and a 52-week high of $41.17. The stock has a fifty day simple moving average of $37.55. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08.

Origin Bancorp (NYSE:OBK) last announced its earnings results on Wednesday, October 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.62). Origin Bancorp had a return on equity of 5.05% and a net margin of 10.23%.The business had revenue of $99.62 million during the quarter, compared to the consensus estimate of $103.95 million.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, November 14th. Origin Bancorp’s dividend payout ratio is presently 31.41%.

Insider Activity

In other news, Director James Samuel Jr. D’agostino bought 1,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was acquired at an average price of $33.93 per share, with a total value of $33,930.00. Following the completion of the purchase, the director directly owned 47,917 shares in the company, valued at $1,625,823.81. This represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Preston Moore purchased 6,500 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were acquired at an average cost of $34.27 per share, for a total transaction of $222,755.00. Following the completion of the purchase, the insider directly owned 54,882 shares of the company’s stock, valued at approximately $1,880,806.14. This represents a 13.43% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 25,918 shares of company stock worth $893,280. 6.39% of the stock is currently owned by insiders.

Institutional Trading of Origin Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Origin Bancorp in the second quarter worth $483,000. Creative Planning grew its holdings in Origin Bancorp by 17.6% in the 2nd quarter. Creative Planning now owns 59,884 shares of the company’s stock worth $2,140,000 after acquiring an additional 8,941 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Origin Bancorp in the 2nd quarter worth $224,000. Tributary Capital Management LLC increased its position 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 acquiring an additional 379,716 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Origin Bancorp by 25.6% during the second quarter. Franklin Resources Inc. now owns 138,574 shares of the company’s stock valued at $4,953,000 after acquiring an additional 28,263 shares during 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.