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

Origin Bancorp, Inc. (NYSE:OBK) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $48.50.

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Stephens upped their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, April 24th.

Origin Bancorp Price Performance

NYSE OBK opened at $51.37 on Friday. The stock has a 50-day simple moving average of $48.22 and a 200 day simple moving average of $43.92. Origin Bancorp has a twelve month low of $32.13 and a twelve month high of $52.90. The stock has a market capitalization of $1.59 billion, a PE ratio of 19.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business had revenue of $104.04 million during the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. Research analysts anticipate that Origin Bancorp will post 4.03 EPS for the current year.

Origin Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 15th. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s payout ratio is presently 38.76%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Origin Bancorp by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after buying an additional 37,050 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Origin Bancorp by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock worth $59,089,000 after acquiring an additional 49,001 shares during the period. State Street Corp lifted its position in shares of Origin Bancorp by 1.2% in the 4th quarter. State Street Corp now owns 923,148 shares of the company’s stock worth $34,720,000 after acquiring an additional 10,741 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Origin Bancorp by 17.1% during the 4th 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, Kennedy Capital Management LLC grew its holdings in shares of Origin Bancorp by 13.5% during the 4th quarter. Kennedy Capital Management LLC now owns 706,235 shares of the company’s stock worth $26,561,000 after purchasing an additional 83,971 shares in the last quarter. Institutional investors and hedge funds 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.