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

Shares of Origin Bancorp, Inc. (NYSE:OBK) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $48.50.

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

Origin Bancorp stock opened at $45.35 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a 52 week low of $32.13 and a 52 week high of $48.12. The stock has a market capitalization of $1.40 billion, a P/E ratio of 17.58 and a beta of 0.73. The stock has a fifty day moving average of $43.59 and a 200-day moving average of $40.72.

Origin Bancorp (NYSE:OBK) last posted its quarterly 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). Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.The business had revenue of $104.04 million for the quarter. On average, sell-side analysts expect that Origin Bancorp will post 4.01 earnings per share for the current fiscal year.

Origin Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.15. Origin Bancorp’s dividend payout ratio is presently 23.26%.

Institutional Investors Weigh In On Origin Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after acquiring an additional 37,050 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Origin Bancorp by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company’s stock worth $59,089,000 after acquiring an additional 49,001 shares during the last quarter. State Street Corp grew its position in Origin Bancorp by 1.2% during the 4th quarter. State Street Corp now owns 923,148 shares of the company’s stock worth $34,720,000 after acquiring an additional 10,741 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Origin Bancorp by 17.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock worth $29,997,000 after acquiring an additional 116,410 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in Origin Bancorp by 13.5% during the 4th quarter. Kennedy Capital Management LLC now owns 706,235 shares of the company’s stock worth $26,561,000 after acquiring an additional 83,971 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

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.