Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) PT at $36.00

Origin Bancorp, Inc. (NASDAQ:OBK) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.00.

A number of analysts have commented on OBK shares. Keefe, Bruyette & Woods upped their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Piper Sandler reaffirmed a “neutral” rating and set a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. Finally, Stephens reissued an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a research report on Thursday, July 25th.

Institutional Trading of Origin Bancorp

A number of hedge funds have recently made changes to their positions in OBK. Rhumbline Advisers increased its holdings in Origin Bancorp by 5.7% in the second quarter. Rhumbline Advisers now owns 45,744 shares of the company’s stock worth $1,451,000 after buying an additional 2,480 shares during the last quarter. Natixis Advisors LLC acquired a new position in Origin Bancorp in the second quarter worth approximately $317,000. Stieven Capital Advisors L.P. acquired a new position in Origin Bancorp in the second quarter worth approximately $5,637,000. Carl Stuart Investment Advisor Inc. acquired a new position in Origin Bancorp in the second quarter worth approximately $201,000. Finally, nVerses Capital LLC acquired a new position in Origin Bancorp in the second quarter worth approximately $25,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $31.70 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Origin Bancorp has a twelve month low of $26.68 and a twelve month high of $37.56. The firm has a market cap of $983.02 million, a price-to-earnings ratio of 11.96 and a beta of 1.00. The company has a 50-day moving average of $31.95 and a 200-day moving average of $31.11.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 8.03%. The company had revenue of $164.26 million during the quarter, compared to analyst estimates of $90.70 million. During the same period in the prior year, the firm earned $0.69 earnings per share. Analysts forecast that Origin Bancorp will post 2.61 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, August 15th. Origin Bancorp’s dividend payout ratio (DPR) is 22.64%.

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.