Origin Bancorp (NASDAQ:OBK) Receives “Neutral” Rating from Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of Origin Bancorp (NASDAQ:OBK) in a report published on Friday, Benzinga reports. The firm currently has a $32.00 price target on the stock, up from their prior price target of $30.00.

Several other brokerages have also recently issued reports on OBK. Raymond James increased their price objective on Origin Bancorp from $33.00 to $34.00 and gave the company an outperform rating in a research note on Friday, January 26th. DA Davidson reiterated a buy rating on shares of Origin Bancorp in a research note on Monday, January 15th. Finally, TheStreet cut Origin Bancorp from a b- rating to a c+ rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $33.33.

Origin Bancorp Stock Up 0.1 %

NASDAQ:OBK opened at $30.97 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $29.78 and its two-hundred day moving average is $31.31. Origin Bancorp has a 52 week low of $25.59 and a 52 week high of $36.91. The stock has a market capitalization of $960.38 million, a price-to-earnings ratio of 11.68 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $81.19 million during the quarter, compared to analyst estimates of $88.20 million. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. Research analysts anticipate that Origin Bancorp will post 2.43 EPS for the current year.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, May 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Hedge Funds Weigh In On Origin Bancorp

Several large investors have recently bought and sold shares of the business. Tributary Capital Management LLC purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $11,175,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $2,032,000. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $225,000. Tyche Wealth Partners LLC purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $226,000. Finally, SG Americas Securities LLC purchased a new position in shares of Origin Bancorp during the fourth quarter worth about $311,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

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.