Origin Bancorp, Inc. (NYSE:OBK – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $48.50.
A number of equities analysts recently commented on OBK shares. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Stephens boosted their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th.
Read Our Latest Stock Analysis on OBK
Origin Bancorp Stock Up 1.5%
Origin Bancorp (NYSE:OBK – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The firm had revenue of $104.04 million for the quarter. Research analysts predict that Origin Bancorp will post 4.03 EPS for the current year.
Origin Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 38.76%.
Institutional Investors Weigh In On Origin Bancorp
Large investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Origin Bancorp in the 3rd quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter worth $27,000. International Assets Investment Management LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter worth $30,000. Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 1,832 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Origin Bancorp by 42.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock valued at $104,000 after acquiring an additional 751 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.
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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