Origin Bancorp (NASDAQ:OBK) Receives Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of Origin Bancorp (NASDAQ:OBK) in a report released on Thursday, Benzinga reports. They currently have a $39.00 target price on the stock.

Separately, Piper Sandler reaffirmed a neutral rating and set a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $35.00.

Origin Bancorp Stock Performance

Shares of OBK opened at $34.60 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.07 billion, a PE ratio of 13.06 and a beta of 1.00. Origin Bancorp has a 52 week low of $26.68 and a 52 week high of $37.56. The company’s 50 day moving average price is $31.78 and its 200 day moving average price is $31.11.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. The company had revenue of $164.26 million during the quarter, compared to the consensus estimate of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 8.03%. During the same period in the previous year, the firm posted $0.69 earnings per share. Research analysts expect that Origin Bancorp will post 2.65 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, August 15th. Origin Bancorp’s dividend payout ratio is currently 22.64%.

Institutional Trading of Origin Bancorp

Several large investors have recently modified their holdings of the company. Bailard Inc. bought a new stake in shares of Origin Bancorp during the 2nd quarter worth $251,000. Bank of New York Mellon Corp raised its stake in Origin Bancorp by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after purchasing an additional 5,767 shares during the last quarter. Tributary Capital Management LLC raised its stake in Origin Bancorp by 19.6% during the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after purchasing an additional 65,266 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in Origin Bancorp during the 2nd quarter valued at $202,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Origin Bancorp by 14.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock valued at $262,000 after purchasing an additional 1,079 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

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, 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.