Origin Bancorp, Inc. (NYSE:OBK – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $48.50.
Several research firms have weighed in on OBK. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens raised their price target on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th.
Check Out Our Latest Stock Analysis on Origin Bancorp
Hedge Funds Weigh In On Origin Bancorp
Origin Bancorp Stock Performance
NYSE OBK opened at $49.13 on Wednesday. Origin Bancorp has a 1-year low of $32.13 and a 1-year high of $50.35. The company has a market capitalization of $1.52 billion, a P/E ratio of 19.04 and a beta of 0.73. The business has a 50 day moving average price of $46.65 and a 200 day moving average price of $42.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.
Origin Bancorp (NYSE:OBK – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The firm had revenue of $104.04 million during the quarter. Sell-side analysts expect that Origin Bancorp will post 4.01 EPS for the current fiscal year.
Origin Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. This represents a $1.00 annualized dividend and a yield of 2.0%. Origin Bancorp’s dividend payout ratio (DPR) is 38.76%.
About Origin Bancorp
Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.
Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.
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