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

Shares of Origin Bancorp, Inc. (NYSE:OBK) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $48.50.

A number of equities analysts recently commented on the company. Stephens lifted their price target on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, DA Davidson set a $49.00 price target on Origin Bancorp in a research report on Friday, January 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL acquired a new position in Origin Bancorp in the 3rd quarter valued at about $2,964,000. Endeavour Capital Advisors Inc. grew its position in shares of Origin Bancorp by 2,277.7% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock worth $6,610,000 after purchasing an additional 183,442 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Origin Bancorp by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock worth $6,419,000 after purchasing an additional 24,949 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of Origin Bancorp during the 3rd quarter worth approximately $1,933,000. Finally, Strs Ohio grew its position in shares of Origin Bancorp by 191.2% during the 3rd quarter. Strs Ohio now owns 19,800 shares of the company’s stock worth $683,000 after purchasing an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Up 3.2%

Shares of OBK stock opened at $47.26 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp has a 1 year low of $32.13 and a 1 year high of $48.12. The firm’s fifty day moving average price is $43.91 and its two-hundred day moving average price is $41.01. The firm has a market capitalization of $1.46 billion, a P/E ratio of 18.32 and a beta of 0.73.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The business had revenue of $104.04 million during the quarter. On average, equities analysts predict that Origin Bancorp will post 4.01 EPS for the current fiscal year.

Origin Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.25 dividend. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Origin Bancorp’s dividend payout ratio (DPR) is currently 38.76%.

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.