Origin Bancorp (NASDAQ:OBK) Given New $41.00 Price Target at Keefe, Bruyette & Woods

Origin Bancorp (NASDAQ:OBK) had its price target reduced by Keefe, Bruyette & Woods from $44.00 to $41.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also commented on the stock. DA Davidson lifted their price target 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. Stephens reiterated an “overweight” rating and set a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. Raymond James lowered shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. Finally, Piper Sandler upgraded shares of Origin Bancorp from a “neutral” rating to an “overweight” rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $42.20.

Origin Bancorp Price Performance

Shares of NASDAQ:OBK opened at $31.90 on Monday. The firm has a market cap of $996.62 million, a PE ratio of 12.97 and a beta of 0.78. The firm’s fifty day moving average is $34.06 and its 200-day moving average 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 52 week low of $28.80 and a 52 week high of $41.17.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. Origin Bancorp’s dividend payout ratio is currently 24.59%.

Institutional Trading of Origin Bancorp

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock worth $31,000 after acquiring an additional 837 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp during the fourth quarter valued at approximately $48,000. Comerica Bank increased its holdings in shares of Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after acquiring an additional 347 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Origin Bancorp by 66,933.3% during the first quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $139,000 after acquiring an additional 4,016 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Origin Bancorp during the fourth quarter valued at approximately $183,000. 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.