Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) PT at $36.80

Origin Bancorp, Inc. (NASDAQ:OBK) has been given an average recommendation of “Buy” by the five analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.80.

Several equities analysts recently weighed in on OBK shares. 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. Stephens boosted their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods lifted their target price on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, DA Davidson decreased their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Origin Bancorp Stock Up 0.2 %

Shares of OBK stock opened at $33.01 on Thursday. The firm’s fifty day moving average price is $34.09 and its two-hundred day moving average price is $32.83. Origin Bancorp has a 1 year low of $27.69 and a 1 year high of $37.56. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.03 billion, a P/E ratio of 13.58 and a beta of 1.00.

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

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is currently 24.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OBK. Stieven Capital Advisors L.P. bought a new stake in Origin Bancorp during the second quarter valued at $5,637,000. Wellington Management Group LLP bought a new position in shares of Origin Bancorp in the third quarter valued at $4,187,000. Dimensional Fund Advisors LP increased its holdings in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after purchasing an additional 102,159 shares in the last quarter. Royce & Associates LP lifted its stake in Origin Bancorp by 7.3% during the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after acquiring an additional 65,844 shares in the last quarter. Finally, Millennium Management LLC grew its position in Origin Bancorp by 92.3% in the 2nd quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock worth $3,950,000 after purchasing an additional 59,763 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

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.