Shares of Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) have earned a consensus recommendation of "Buy" from the five ratings firms that are covering the stock, Marketbeat.com reports. One 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 company. The average 12-month price target among brokers that have covered the stock in the last year is $36.80.
Several brokerages have recently issued reports on OBK. Stephens increased their price target 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. DA Davidson dropped their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their target price on Origin Bancorp from $37.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Raymond James upgraded Origin Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th.
Check Out Our Latest Analysis on Origin Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC acquired a new position in Origin Bancorp in the second quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the third quarter valued at approximately $30,000. Quantbot Technologies LP grew its position in shares of Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company's stock worth $87,000 after acquiring an additional 1,187 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Origin Bancorp in the 2nd quarter valued at $91,000. Finally, SG Americas Securities LLC acquired a new stake in Origin Bancorp during the 3rd quarter worth $160,000. Institutional investors and hedge funds own 54.68% of the company's stock.
Shares of OBK stock opened at $33.53 on Thursday. 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 firm has a market cap of $1.05 billion, a P/E ratio of 13.80 and a beta of 1.00. The firm's 50 day moving average price is $34.05 and its 200-day moving average price is $32.72. Origin Bancorp has a one year low of $27.69 and a one year high of $37.56.
Origin Bancorp (NASDAQ:OBK - Get Free Report) last released 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 firm had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, equities research analysts predict that Origin Bancorp will post 2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, November 15th. Origin Bancorp's dividend payout ratio (DPR) is 24.69%.
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.
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