Brokerages Set $43.50 Target Price for Origin Bancorp Inc (OBNK)

Share on StockTwits

Origin Bancorp Inc (NASDAQ:OBNK) has received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokerages have set a 1 year consensus target price of $43.50 for the company, according to Zacks. Zacks has also assigned Origin Bancorp an industry rank of 47 out of 255 based on the ratings given to related companies.

A number of research analysts have commented on the company. Stephens reiterated a “buy” rating and issued a $43.00 price objective on shares of Origin Bancorp in a research report on Monday, June 11th. Keefe, Bruyette & Woods assumed coverage on Origin Bancorp in a research report on Wednesday, June 6th. They issued a “market perform” rating and a $42.00 price objective on the stock. Finally, Raymond James assumed coverage on Origin Bancorp in a research report on Monday, June 4th. They issued a “strong-buy” rating on the stock.

In other news, insider Fred Ronnie Myrick acquired 1,500 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were purchased at an average cost of $34.00 per share, for a total transaction of $51,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Drake D. Mills acquired 2,940 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The shares were acquired at an average cost of $34.00 per share, for a total transaction of $99,960.00. The disclosure for this purchase can be found here. Insiders acquired a total of 12,655 shares of company stock worth $430,270 over the last quarter.

Origin Bancorp traded up $0.46, reaching $40.95, during mid-day trading on Tuesday, according to MarketBeat. The stock had a trading volume of 158,300 shares, compared to its average volume of 117,950. Origin Bancorp has a 52 week low of $36.12 and a 52 week high of $42.31.

The company also recently disclosed a Not Available dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.032 dividend. The ex-dividend date of this dividend is Thursday, June 14th.

Origin Bancorp Company Profile

There is no company description available for Origin Bancorp Inc

Get a free copy of the Zacks research report on Origin Bancorp (OBNK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Origin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Motorola Solutions  Hits New 1-Year High at $121.69
Motorola Solutions Hits New 1-Year High at $121.69
Vince  Hits New 52-Week High at $20.35
Vince Hits New 52-Week High at $20.35
Brokerages Anticipate First Industrial Realty Trust, Inc.  Will Post Earnings of $0.40 Per Share
Brokerages Anticipate First Industrial Realty Trust, Inc. Will Post Earnings of $0.40 Per Share
ShellCoin Tops 24-Hour Trading Volume of $1.00
ShellCoin Tops 24-Hour Trading Volume of $1.00
Raiden Network Token Price Reaches $0.88 on Exchanges
Raiden Network Token Price Reaches $0.88 on Exchanges
$53.63 Million in Sales Expected for Kinsale Capital Group Inc  This Quarter
$53.63 Million in Sales Expected for Kinsale Capital Group Inc This Quarter


© 2006-2018 Ticker Report. Google+.