Origin Bancorp, Inc. (NYSE:OBK) Receives $44.80 Consensus Price Target from Analysts

Origin Bancorp, Inc. (NYSE:OBK) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.80.

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Origin Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson set a $49.00 price target on shares of Origin Bancorp in a research note on Friday, January 30th. Zacks Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OBK. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 37,050 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Origin Bancorp by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,376,219 shares of the company’s stock valued at $51,760,000 after purchasing an additional 16,639 shares in the last quarter. State Street Corp lifted its stake in shares of Origin Bancorp by 1.2% in the fourth quarter. State Street Corp now owns 923,148 shares of the company’s stock valued at $34,720,000 after purchasing an additional 10,741 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Origin Bancorp by 17.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company’s stock valued at $29,997,000 after purchasing an additional 116,410 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in Origin Bancorp by 92.5% during the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock worth $27,279,000 after buying an additional 379,716 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Trading Down 1.4%

Shares of OBK stock opened at $40.84 on Monday. The company has a market capitalization of $1.27 billion, a P/E ratio of 17.02 and a beta of 0.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $41.65 and its two-hundred day moving average is $38.08. Origin Bancorp has a twelve month low of $28.80 and a twelve month high of $46.02.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.21% and a net margin of 12.58%.The business had revenue of $94.00 million during the quarter.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. Origin Bancorp’s payout ratio is 25.00%.

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.