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

Shares of Origin Bancorp, Inc. (NYSE:OBK) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have 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 covered the stock in the last year is $58.00.

Several brokerages recently issued reports on OBK. Raymond James Financial restated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. 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 note on Friday, July 24th. Piper Sandler boosted their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th.

Origin Bancorp Stock Performance

NYSE:OBK opened at $53.37 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $53.63 and a two-hundred day moving average price of $48.96. Origin Bancorp has a twelve month low of $32.13 and a twelve month high of $55.57. The company has a market capitalization of $1.65 billion, a P/E ratio of 16.68 and a beta of 0.71.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. As a group, research analysts expect that Origin Bancorp will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Origin Bancorp’s dividend payout ratio (DPR) is 31.25%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OBK. Royal Bank of Canada grew its stake in shares of Origin Bancorp by 2.6% in the first 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 in the last quarter. Nykredit A S purchased a new position in Origin Bancorp in the 2nd quarter worth approximately $25,000. Allworth Financial LP purchased a new position in Origin Bancorp in the 2nd quarter worth approximately $30,000. Azora Capital LP grew its position in Origin Bancorp by 4.0% in the fourth quarter. Azora Capital LP now owns 17,012 shares of the company’s stock valued at $640,000 after acquiring an additional 659 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its position in Origin Bancorp by 5.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 13,917 shares of the company’s stock valued at $577,000 after acquiring an additional 700 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

About Origin Bancorp

Origin Bancorp, Inc is the bank holding company for Origin Bank, a regional financial institution headquartered in Ruston, Louisiana. The company provides banking and financial services to individuals, businesses and communities through a network of banking offices and digital channels.

Origin Bank offers deposit accounts, commercial and consumer lending, residential mortgage loans, treasury management, wealth management and other financial services. Its business banking activities include financing for commercial real estate, agriculture, small businesses and other operating needs, while its consumer offerings include personal loans, home loans and deposit products.

The bank serves customers primarily in Louisiana, Texas and Mississippi.