Origin Bancorp (NYSE:OBK) Price Target Raised to $48.00

Origin Bancorp (NYSE:OBK) had its target price increased by Keefe, Bruyette & Woods from $43.00 to $48.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. DA Davidson set a $49.00 target price on shares of Origin Bancorp in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a research note on Thursday, January 22nd. Piper Sandler increased their price objective on shares of Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Wall Street Zen upgraded shares of Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Origin Bancorp Stock Up 1.9%

Shares of NYSE OBK opened at $45.10 on Monday. Origin Bancorp has a twelve month low of $28.80 and a twelve month high of $45.55. The company has a market capitalization of $1.40 billion, a PE ratio of 18.79 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $39.37.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $94.00 million during the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Origin Bancorp’s dividend payout ratio (DPR) is 25.00%.

Hedge Funds Weigh In On Origin Bancorp

A number of large investors have recently modified their holdings of OBK. International Assets Investment Management LLC bought a new position in shares of Origin Bancorp in the 4th quarter valued at about $30,000. Vanguard Group Inc. boosted its position in Origin Bancorp by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after purchasing an additional 37,050 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Origin Bancorp by 5.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 11,741 shares of the company’s stock valued at $442,000 after purchasing an additional 579 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Origin Bancorp by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company’s stock worth $551,000 after purchasing an additional 1,282 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Origin Bancorp by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock worth $6,419,000 after purchasing an additional 24,949 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

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.