Origin Bancorp, Inc. (NASDAQ:OBK) Receives $36.80 Consensus Target Price from Analysts

Origin Bancorp, Inc. (NASDAQ:OBK) has been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.60.

OBK has been the topic of several research reports. Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a report on Thursday. Piper Sandler upped their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James reaffirmed a “strong-buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a report on Friday. DA Davidson reduced their price objective on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods upped their price objective on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Origin Bancorp during the 3rd quarter valued at $30,000. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp in the 4th quarter valued at $48,000. Quantbot Technologies LP increased its position in shares of Origin Bancorp by 78.1% in the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after buying an additional 1,187 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Origin Bancorp in the 3rd quarter valued at $160,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Origin Bancorp in the 4th quarter valued at $219,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Up 1.8 %

Origin Bancorp stock opened at $37.73 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50-day simple moving average is $34.54 and its 200-day simple moving average is $33.31. The firm has a market capitalization of $1.18 billion, a PE ratio of 15.34 and a beta of 1.00. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $38.76.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, February 14th. Origin Bancorp’s payout ratio is 24.39%.

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.