Origin Bancorp, Inc. (NYSE:OBK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Origin Bancorp, Inc. (NYSE:OBK) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $48.50.

Several brokerages have recently issued reports on OBK. Stephens raised their price objective on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th.

Origin Bancorp Trading Up 0.8%

Shares of Origin Bancorp stock opened at $48.68 on Wednesday. The company’s fifty day simple moving average is $45.85 and its 200-day simple moving average is $42.28. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 18.87 and a beta of 0.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp has a 1 year low of $32.13 and a 1 year high of $49.50.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). The company had revenue of $104.04 million during the quarter. Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%. As a group, sell-side analysts expect that Origin Bancorp will post 4.01 EPS for the current year.

Origin Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.25 dividend. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.1%. Origin Bancorp’s payout ratio is presently 38.76%.

Institutional Investors Weigh In On Origin Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in Origin Bancorp by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock valued at $550,000 after buying an additional 300 shares during the period. LPL Financial LLC increased its holdings in Origin Bancorp by 1.9% in the 4th quarter. LPL Financial LLC now owns 16,122 shares of the company’s stock valued at $606,000 after buying an additional 300 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Origin Bancorp by 2.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock valued at $474,000 after buying an additional 375 shares during the period. Natixis Advisors LLC increased its holdings in Origin Bancorp by 2.4% in the 4th quarter. Natixis Advisors LLC now owns 16,511 shares of the company’s stock valued at $621,000 after buying an additional 394 shares during the period. Finally, Royal Bank of Canada increased its holdings in Origin Bancorp by 2.6% in the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock valued at $753,000 after buying an additional 457 shares during the period. 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.