Analysts Set Origin Bancorp, Inc. (NYSE:OBK) PT at $48.50

Origin Bancorp, Inc. (NYSE:OBK) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $48.50.

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Stephens increased their price objective on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. DA Davidson set a $49.00 price objective on Origin Bancorp in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $47.32 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.46 billion, a PE ratio of 18.34 and a beta of 0.73. The business has a 50 day moving average of $44.17 and a 200 day moving average of $41.15. Origin Bancorp has a 52 week low of $32.13 and a 52 week high of $48.12.

Origin Bancorp (NYSE:OBK) last announced its earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business had revenue of $104.04 million for the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. As a group, equities research analysts forecast that Origin Bancorp will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 15th. Origin Bancorp’s dividend payout ratio is currently 38.76%.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Origin Bancorp in the 3rd quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in Origin Bancorp in the fourth quarter worth about $27,000. International Assets Investment Management LLC purchased a new position in Origin Bancorp in the fourth quarter worth about $30,000. State of Alaska Department of Revenue purchased a new position in shares of Origin Bancorp during the 3rd quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Origin Bancorp by 232.5% during the 2nd 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 in the last quarter. Institutional investors own 54.68% of the company’s stock.

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.