Origin Bancorp (NASDAQ:OBK) Sees Large Volume Increase – What’s Next?

Origin Bancorp, Inc. (NASDAQ:OBK) saw unusually-high trading volume on Wednesday . Approximately 62,641 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 106,480 shares.The stock last traded at $35.55 and had previously closed at $34.29.

Analysts Set New Price Targets

OBK has been the topic of several research reports. DA Davidson cut their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Raymond James raised shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Stephens boosted their target price on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $36.80.

Origin Bancorp Price Performance

The stock has a fifty day moving average of $34.43 and a 200 day moving average of $33.10. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 12.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same period in the previous year, the company posted $0.71 earnings per share. On average, analysts expect that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

Institutional Investors Weigh In On Origin Bancorp

Hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of Origin Bancorp during the 4th quarter valued at approximately $48,000. JPMorgan Chase & Co. grew its stake in Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock valued at $2,347,000 after acquiring an additional 32,619 shares during the period. Franklin Resources Inc. increased its holdings in Origin Bancorp by 27.6% in the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock worth $2,302,000 after acquiring an additional 15,405 shares in the last quarter. Geode Capital Management LLC raised its position in Origin Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock worth $21,654,000 after acquiring an additional 9,435 shares during the period. Finally, Barclays PLC raised its position in Origin Bancorp by 79.9% during the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares during the period. Hedge funds and other institutional investors own 54.68% of the company’s stock.

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.