Stephens Reiterates Overweight Rating for Origin Bancorp (NASDAQ:OBK)

Stephens reiterated their overweight rating on shares of Origin Bancorp (NASDAQ:OBK) in a research report report published on Thursday,Benzinga reports. They currently have a $45.00 price target on the stock.

OBK has been the topic of several other reports. Raymond James restated a “strong-buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. DA Davidson upped their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler upped their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Origin Bancorp has an average rating of “Buy” and a consensus target price of $44.00.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $35.20 on Thursday. The firm’s 50 day moving average price is $37.45 and its 200-day moving average price is $34.71. 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 has a one year low of $27.69 and a one year high of $41.17. The firm has a market cap of $1.10 billion, a P/E ratio of 14.31 and a beta of 0.96.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. Origin Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

Institutional Investors Weigh In On Origin Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Origin Bancorp in the 3rd quarter valued at approximately $30,000. Sterling Capital Management LLC increased its position in shares of Origin Bancorp by 812.6% in the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock valued at $31,000 after purchasing an additional 837 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp in the 4th quarter valued at approximately $48,000. Quantbot Technologies LP increased its position in shares of Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Origin Bancorp by 13.0% in the 4th quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after purchasing an additional 347 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

About Origin Bancorp

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.