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

Shares of Origin Bancorp, Inc. (NYSE:OBK) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $58.00.

A number of equities research analysts have recently issued reports on OBK shares. DA Davidson boosted their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Piper Sandler lifted their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Origin Bancorp

Several institutional investors and hedge funds have recently modified their holdings of OBK. BlackRock Inc. acquired a new position in shares of Origin Bancorp in the second quarter worth $132,196,000. Basswood Capital Management L.L.C. purchased a new stake in shares of Origin Bancorp during the second quarter worth $21,391,000. Bank of New York Mellon Corp acquired a new stake in shares of Origin Bancorp in the second quarter valued at $18,968,000. Algebris UK Ltd. acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at $6,925,000. Finally, Empowered Funds LLC purchased a new position in Origin Bancorp in the second quarter valued at $7,366,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Up 0.2%

Shares of NYSE:OBK opened at $53.66 on Friday. The business has a 50-day moving average price of $53.45 and a 200 day moving average price of $48.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.77 and a beta of 0.71. Origin Bancorp has a 12-month low of $32.13 and a 12-month high of $55.57.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. Sell-side analysts expect that Origin Bancorp will post 4.13 EPS for the current year.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Origin Bancorp’s payout ratio is presently 31.25%.

About Origin Bancorp

Origin Bancorp, Inc is the bank holding company for Origin Bank, a regional financial institution headquartered in Ruston, Louisiana. The company provides banking and financial services to individuals, businesses and communities through a network of banking offices and digital channels.

Origin Bank offers deposit accounts, commercial and consumer lending, residential mortgage loans, treasury management, wealth management and other financial services. Its business banking activities include financing for commercial real estate, agriculture, small businesses and other operating needs, while its consumer offerings include personal loans, home loans and deposit products.

The bank serves customers primarily in Louisiana, Texas and Mississippi.