Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) Price Target at $43.40

Origin Bancorp, Inc. (NASDAQ:OBK) has been given a consensus recommendation of “Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $43.40.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Pitcairn Co. raised its holdings in shares of Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock valued at $286,000 after buying an additional 343 shares during the period. Comerica Bank grew its position in 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 acquiring an additional 347 shares in the last quarter. Mariner LLC increased its stake in Origin Bancorp by 5.4% during the fourth quarter. Mariner LLC now owns 6,965 shares of the company’s stock worth $232,000 after purchasing an additional 356 shares during the period. The Manufacturers Life Insurance Company increased its stake in Origin Bancorp by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock worth $362,000 after purchasing an additional 599 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Origin Bancorp by 1.5% during the third quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock worth $1,297,000 after purchasing an additional 612 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Stock Performance

NASDAQ OBK opened at $39.47 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s fifty day moving average is $36.08 and its two-hundred day moving average is $33.90. The firm has a market capitalization of $1.23 billion, a P/E ratio of 16.04 and a beta of 1.00. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $41.17.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.52%. Origin Bancorp’s dividend payout ratio (DPR) is presently 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.