Analysts Set Origin Bancorp, Inc. (NYSE:OBK) PT at $44.75

Shares of Origin Bancorp, Inc. (NYSE:OBK) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $44.75.

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

Institutional Investors Weigh In On Origin Bancorp

A number of large investors have recently made changes to their positions in OBK. Tributary Capital Management LLC boosted its stake in Origin Bancorp by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock worth $27,279,000 after purchasing an additional 379,716 shares during the period. Franklin Resources Inc. raised its stake in Origin Bancorp by 25.6% during the 2nd quarter. Franklin Resources Inc. now owns 138,574 shares of the company’s stock valued at $4,953,000 after purchasing an additional 28,263 shares during the period. Endeavour Capital Advisors Inc. lifted its holdings in shares of Origin Bancorp by 2,277.7% in the third quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock valued at $6,610,000 after purchasing an additional 183,442 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Origin Bancorp in the third quarter valued at $1,933,000. Finally, Azora Capital LP acquired a new stake in shares of Origin Bancorp in the second quarter worth $584,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Stock Up 0.1%

Shares of OBK stock opened at $40.33 on Friday. Origin Bancorp has a 1 year low of $28.80 and a 1 year high of $46.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The business’s fifty day moving average is $42.21 and its 200-day moving average is $38.34. The stock has a market cap of $1.25 billion, a PE ratio of 16.81 and a beta of 0.76.

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

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. Origin Bancorp’s dividend payout ratio (DPR) is presently 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.