Keefe, Bruyette & Woods Issues Positive Forecast for Origin Bancorp (NYSE:OBK) Stock Price

Origin Bancorp (NYSE:OBK) had its price objective hoisted by Keefe, Bruyette & Woods from $43.00 to $48.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

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

Origin Bancorp Stock Up 3.3%

OBK opened at $44.24 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a 52 week low of $28.80 and a 52 week high of $44.88. The stock’s 50 day moving average price is $39.05. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.43 and a beta of 0.77.

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

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th. Origin Bancorp’s dividend payout ratio (DPR) is currently 25.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OBK. The Manufacturers Life Insurance Company boosted its position in shares of Origin Bancorp by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after purchasing an additional 300 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Origin Bancorp by 2.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock valued at $474,000 after purchasing an additional 375 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Origin Bancorp by 4.3% during the third quarter. Harbor Capital Advisors Inc. now owns 11,162 shares of the company’s stock worth $385,000 after buying an additional 460 shares in the last quarter. Mackenzie Financial Corp grew its position in Origin Bancorp by 2.8% during the third quarter. Mackenzie Financial Corp now owns 18,511 shares of the company’s stock worth $639,000 after buying an additional 510 shares during the period. Finally, Swiss National Bank grew its position in Origin Bancorp by 1.2% during the third quarter. Swiss National Bank now owns 57,382 shares of the company’s stock worth $1,981,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

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.