Origin Bancorp, Inc. (NASDAQ:OBK) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been given a consensus recommendation of “Buy” by the five brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $36.80.

Several research analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. DA Davidson dropped their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James raised shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Stephens lifted their price objective on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th.

Hedge Funds Weigh In On Origin Bancorp

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after purchasing an additional 34,733 shares in the last quarter. State Street Corp increased its holdings in shares of Origin Bancorp by 2.0% during the third quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after acquiring an additional 16,309 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Origin Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after acquiring an additional 9,435 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Origin Bancorp by 3,116.0% during the third quarter. International Assets Investment Management LLC now owns 24,281 shares of the company’s stock valued at $755,000 after acquiring an additional 23,526 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Origin Bancorp by 27.6% during the third quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock valued at $2,302,000 after acquiring an additional 15,405 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Trading Up 0.8 %

Shares of OBK opened at $35.02 on Monday. The company’s fifty day moving average is $34.44 and its 200 day moving average is $33.14. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The stock has a market capitalization of $1.09 billion, a PE ratio of 14.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. During the same quarter in the prior year, the firm posted $0.71 EPS. Sell-side analysts expect that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. Origin Bancorp’s dividend payout ratio is presently 24.69%.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.