Origin Bancorp, Inc. (NYSE:OBK) Given Average Recommendation of “Moderate Buy” by Brokerages

Origin Bancorp, Inc. (NYSE:OBK) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $58.00.

Several research analysts have recently issued reports on OBK shares. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Weiss Ratings upgraded Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Piper Sandler raised their price target on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, DA Davidson boosted their price target on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, July 24th.

Origin Bancorp Price Performance

Shares of NYSE:OBK opened at $53.34 on Monday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 16.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $52.67 and its 200-day simple moving average is $47.51. Origin Bancorp has a 12 month low of $32.13 and a 12 month high of $55.57.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $107.59 million during the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. As a group, equities analysts forecast 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. Investors of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 14th. Origin Bancorp’s dividend payout ratio (DPR) is currently 31.25%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Origin Bancorp during the 2nd quarter worth about $25,000. Quarry LP acquired a new position in shares of Origin Bancorp in the third quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of Origin Bancorp during the fourth quarter valued at approximately $30,000. Finally, Allworth Financial LP acquired a new stake in Origin Bancorp during the second quarter worth approximately $30,000. Institutional investors and hedge funds 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.