Origin Bancorp, Inc. (NYSE:OBK) Given Average Recommendation of “Buy” by Brokerages

Shares of Origin Bancorp, Inc. (NYSE:OBK) have been given an average recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $43.40.

A number of research firms recently commented on OBK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a research note on Wednesday, October 8th. DA Davidson raised Origin Bancorp to a “strong-buy” rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Wall Street Zen cut Origin Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Piper Sandler lifted their target price on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday.

Origin Bancorp Stock Up 3.1%

OBK stock opened at $34.43 on Tuesday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 18.03 and a beta of 0.79. The company has a 50-day moving average of $35.85. Origin Bancorp has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.62). The company had revenue of $109.83 million during the quarter, compared to analyst estimates of $103.95 million. Origin Bancorp had a net margin of 10.23% and a return on equity of 5.09%.

Origin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 14th. Origin Bancorp’s payout ratio is currently 31.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OBK. Argent Advisors Inc. grew its position in Origin Bancorp by 870.3% in the first quarter. Argent Advisors Inc. now owns 109,767 shares of the company’s stock valued at $3,806,000 after acquiring an additional 98,454 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Origin Bancorp by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 66,462 shares of the company’s stock valued at $2,304,000 after acquiring an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Origin Bancorp by 46.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Origin Bancorp by 7.1% during the first quarter. New York State Common Retirement Fund now owns 9,046 shares of the company’s stock worth $314,000 after purchasing an additional 600 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company’s stock worth $35,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.