Origin Bancorp, Inc. (TXSE:OBK) Stock Rated “Moderate Buy” by Wall Street Brokerages

Origin Bancorp, Inc. (TXSE:OBK) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $58.00.

A number of research firms recently commented on OBK. Keefe, Bruyette & Woods raised their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Benchmark upgraded Origin Bancorp to a “hold” rating in a research report on Thursday, September 24th. DA Davidson increased their price target on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Piper Sandler increased their price target on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th.

Insiders Place Their Bets

In other news, insider Jim Crotwell bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $53.58 per share, with a total value of $107,160.00. Following the completion of the purchase, the insider directly owned 26,475 shares of the company’s stock, valued at $1,418,530.50. This represents a 8.17% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Origin Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Origin Bancorp in the 2nd quarter valued at about $132,196,000. Basswood Capital Management L.L.C. acquired a new position in shares of Origin Bancorp in the 2nd quarter worth approximately $21,391,000. Bank of New York Mellon Corp bought a new stake in shares of Origin Bancorp in the 2nd quarter worth approximately $18,968,000. Empowered Funds LLC bought a new stake in shares of Origin Bancorp in the 2nd quarter worth approximately $7,366,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Origin Bancorp in the 2nd quarter worth approximately $5,469,000. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Stock Performance

OBK stock opened at $53.99 on Friday. The company has a market capitalization of $1.67 billion, a P/E ratio of 16.87 and a beta of 0.74. The company has a 50-day simple moving average of $53.06 and a 200 day simple moving average of $48.76. Origin Bancorp has a fifty-two week low of $32.28 and a fifty-two week high of $58.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Origin Bancorp (TXSE:OBK) last released its earnings results on Wednesday, October 28th. The company reported $1.22 EPS for the quarter. The firm had revenue of $113.22 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. Sell-side analysts predict that Origin Bancorp will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Origin Bancorp’s dividend payout ratio is 26.99%.

Origin Bancorp Company Profile

Origin Bancorp, Inc. is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities. Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.