Brokerages Set Origin Bancorp, Inc. (NYSE:OBK) Target Price at $55.00

Origin Bancorp, Inc. (NYSE:OBK) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $58.00.

Several research firms have weighed in on OBK. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Piper Sandler raised their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Stephens boosted their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Finally, DA Davidson increased their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th.

Origin Bancorp Price Performance

Shares of NYSE OBK opened at $54.88 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average of $50.97 and a 200-day moving average of $46.22. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.15 and a beta of 0.72. Origin Bancorp has a fifty-two week low of $32.13 and a fifty-two week high of $55.57.

Origin Bancorp (NYSE:OBK) last released its earnings results 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 business had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%. As a group, sell-side analysts predict that Origin Bancorp will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 14th. Origin Bancorp’s dividend payout ratio is presently 31.25%.

Institutional Investors Weigh In On Origin Bancorp

Several hedge funds have recently bought and sold shares of OBK. AQR Capital Management LLC increased its position in Origin Bancorp by 50.5% during the first quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock worth $1,354,000 after buying an additional 13,107 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Origin Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock worth $605,000 after acquiring an additional 775 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Origin Bancorp by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after acquiring an additional 20,146 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Origin Bancorp by 49.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock worth $2,491,000 after acquiring an additional 23,906 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock valued at $4,089,000 after acquiring an additional 58,340 shares during the period. 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.