Shares of Origin Bancorp, Inc. (NYSE:OBK – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $55.00.
OBK has been the subject of several research reports. Piper Sandler lifted their price target on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. DA Davidson increased their price objective on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Origin Bancorp in a research report on Friday, July 24th. Raymond James Financial restated an “outperform” rating on shares of Origin Bancorp in a report on Thursday, July 23rd. Finally, Stephens increased their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th.
Origin Bancorp Trading Down 0.2%
Origin Bancorp (NYSE:OBK – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%.The firm had revenue of $107.59 million during the quarter. As a group, sell-side analysts anticipate that Origin Bancorp will post 4.13 earnings per share for the current fiscal year.
Origin Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Origin Bancorp’s dividend payout ratio is currently 31.25%.
Institutional Investors Weigh In On Origin Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in Origin Bancorp by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after purchasing an additional 300 shares during the period. LPL Financial LLC raised its position in shares of Origin Bancorp by 1.9% in the fourth quarter. LPL Financial LLC now owns 16,122 shares of the company’s stock valued at $606,000 after purchasing an additional 300 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Origin Bancorp by 2.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock worth $474,000 after buying an additional 375 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Origin Bancorp by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 16,511 shares of the company’s stock worth $621,000 after buying an additional 394 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Origin Bancorp by 2.6% during the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock worth $753,000 after buying an additional 457 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.
Origin Bancorp Company Profile
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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