Brokers Issue Forecasts for Origin Bancorp FY2025 Earnings

Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) - Equities research analysts at DA Davidson boosted their FY2025 earnings per share estimates for shares of Origin Bancorp in a report released on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the company will earn $3.30 per share for the year, up from their previous estimate of $3.25. The consensus estimate for Origin Bancorp's current full-year earnings is $3.14 per share.

Other equities research analysts have also issued reports about the stock. Stephens reissued an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a research note on Thursday, March 20th. Keefe, Bruyette & Woods lowered their price target on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Finally, Raymond James Financial downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Origin Bancorp presently has a consensus rating of "Buy" and a consensus price target of $42.20.

Origin Bancorp Stock Performance

OBK stock traded up $0.50 during midday trading on Thursday, hitting $37.95. 61,423 shares of the stock traded hands, compared to its average volume of 132,985. Origin Bancorp has a 1-year low of $28.80 and a 1-year high of $41.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The stock's fifty day simple moving average is $34.28 and its 200-day simple moving average is $34.81. The firm has a market cap of $1.18 billion, a P/E ratio of 15.43 and a beta of 0.83.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, May 15th. Origin Bancorp's payout ratio is 24.59%.

Hedge Funds Weigh In On Origin Bancorp

A number of hedge funds have recently made changes to their positions in OBK. CWM LLC boosted its stake in shares of Origin Bancorp by 44.8% in the first quarter. CWM LLC now owns 1,018 shares of the company's stock worth $35,000 after acquiring an additional 315 shares during the last quarter. Pitcairn Co. lifted its holdings in Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company's stock valued at $286,000 after purchasing an additional 343 shares in the last quarter. Comerica Bank boosted its stake in Origin Bancorp by 13.0% during the 4th quarter. Comerica Bank now owns 3,008 shares of the company's stock worth $100,000 after purchasing an additional 347 shares during the last quarter. Mariner LLC grew its holdings in shares of Origin Bancorp by 5.4% during the fourth quarter. Mariner LLC now owns 6,965 shares of the company's stock worth $232,000 after buying an additional 356 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

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.