Origin Bancorp, Inc. (NYSE:OBK) Receives Consensus Rating of “Buy” from Analysts

Origin Bancorp, Inc. (NYSE:OBK) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.40.

Several analysts have recently weighed in on OBK shares. Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Piper Sandler upped their target price on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday. Wall Street Zen cut Origin Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, DA Davidson upgraded Origin Bancorp to a “strong-buy” rating in a report on Monday, October 20th.

Institutional Trading of Origin Bancorp

Several institutional investors have recently added to or reduced their stakes in OBK. CWM LLC lifted its stake in Origin Bancorp by 44.8% in the first quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after buying an additional 315 shares during the period. Federated Hermes Inc. acquired a new position in Origin Bancorp in the first quarter valued at approximately $40,000. Nisa Investment Advisors LLC lifted its stake in Origin Bancorp by 46.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock valued at $44,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue acquired a new position in Origin Bancorp in the third quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC lifted its stake in Origin Bancorp by 232.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after buying an additional 1,832 shares during the period. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Trading Up 3.1%

NYSE:OBK opened at $34.43 on Tuesday. The company has a market capitalization of $1.08 billion, a PE ratio of 18.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50-day moving average price is $35.85. Origin Bancorp has a 1-year low of $28.80 and a 1-year high of $41.17.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.62). The firm had revenue of $109.83 million for the quarter, compared to the consensus estimate of $103.95 million. Origin Bancorp had a return on equity of 5.09% and a net margin of 10.23%.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.60 annualized dividend and a yield of 1.7%. Origin Bancorp’s dividend payout ratio is presently 31.41%.

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.