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

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) have been given an average rating of “Buy” by the five analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $43.40.

A number of research firms have weighed in on OBK. Piper Sandler upped their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stephens reiterated an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Finally, Raymond James reiterated a “strong-buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th.

Institutional Trading of Origin Bancorp

Several large investors have recently added to or reduced their stakes in OBK. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Origin Bancorp during the 3rd quarter valued at $30,000. Sterling Capital Management LLC raised its stake in Origin Bancorp by 812.6% during 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 period. Brooklyn Investment Group acquired a new stake in Origin Bancorp during the 4th quarter valued at $48,000. Quantbot Technologies LP raised its stake in Origin Bancorp by 78.1% during 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 period. Finally, Comerica Bank raised its stake in Origin Bancorp by 13.0% during 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 period. 54.68% of the stock is owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

OBK opened at $35.55 on Tuesday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.45 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a 1-year low of $27.69 and a 1-year high of $41.17. The business has a 50 day moving average price of $37.06 and a two-hundred day moving average price of $34.58.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, February 14th. Origin Bancorp’s dividend payout ratio (DPR) is currently 24.39%.

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.