Origin Bancorp (NYSE:OBK) Stock Breaks Above 50-Day Moving Average – What’s Next?

Origin Bancorp, Inc. (NYSE:OBK) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $52.90 and traded as high as $54.62. Origin Bancorp shares last traded at $54.13, with a volume of 118,027 shares traded.

Analyst Upgrades and Downgrades

OBK has been the subject of several recent analyst reports. Benchmark upgraded Origin Bancorp to a “hold” rating in a research note on Thursday, September 24th. DA Davidson increased their price objective on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Piper Sandler boosted their target price on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Raymond James Financial boosted their target price on Origin Bancorp from $56.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Origin Bancorp Price Performance

The company has a market cap of $1.67 billion, a P/E ratio of 16.92 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s fifty day moving average is $52.90 and its two-hundred day moving average is $48.29.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.22 earnings per share (EPS) for the quarter. The business had revenue of $113.22 million during the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. As a group, analysts anticipate that Origin Bancorp, Inc. will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Origin Bancorp’s dividend payout ratio is 26.99%.

Institutional Trading of Origin Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in OBK. Nykredit A S bought a new position in shares of Origin Bancorp during the second quarter worth $25,000. Allworth Financial LP purchased a new position in Origin Bancorp during the second quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new stake in Origin Bancorp in the 2nd quarter valued at $47,000. USA Financial Formulas bought a new stake in Origin Bancorp in the 3rd quarter valued at $49,000. Finally, Heritage Family Offices LLP bought a new stake in Origin Bancorp in the 3rd quarter valued at $75,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities.

Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.

The bank serves customers through banking locations and digital channels across Louisiana, Texas and Mississippi.