Origin Bancorp, Inc. (NASDAQ:OBK) Receives Consensus Recommendation of “Buy” from Brokerages

Origin Bancorp, Inc. (NASDAQ:OBK) has been assigned an average rating of “Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $43.40.

OBK has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Stephens restated an “overweight” rating and issued a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. Raymond James restated a “strong-buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. DA Davidson boosted their price objective on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Piper Sandler boosted their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th.

Institutional Investors Weigh In On Origin Bancorp

A number of hedge funds have recently made changes to their positions in the company. Mariner LLC boosted its holdings in shares of Origin Bancorp by 5.4% in the 4th quarter. Mariner LLC now owns 6,965 shares of the company’s stock worth $232,000 after purchasing an additional 356 shares during the period. Barclays PLC raised its holdings in Origin Bancorp by 1.1% during the 4th quarter. Barclays PLC now owns 79,058 shares of the company’s stock valued at $2,632,000 after buying an additional 871 shares during the period. Sterling Capital Management LLC lifted its position in Origin Bancorp by 812.6% in the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock worth $31,000 after buying an additional 837 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Origin Bancorp during the fourth quarter worth $807,000. Finally, Russell Investments Group Ltd. boosted its stake in Origin Bancorp by 67.7% during the fourth quarter. Russell Investments Group Ltd. now owns 171,505 shares of the company’s stock worth $5,709,000 after buying an additional 69,241 shares during the period. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $40.76 on Friday. The stock’s 50-day simple moving average is $35.73 and its 200-day simple moving average is $33.67. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $41.04. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 16.57 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. Origin Bancorp’s dividend payout ratio is currently 24.39%.

Origin Bancorp Company Profile

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, 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, and residential mortgage loans.