Origin Bancorp, Inc. (NYSE:OBK) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Five of seven analysts rate Origin Bancorp a buy and two recommend holding, with an average 12-month price target of $58.00.
• Origin Bancorp exceeded quarterly earnings expectations, reporting $1.09 per share versus the $1.00 consensus estimate, on revenue of $107.59 million.
• The company paid a quarterly dividend of $0.25, equivalent to $1.00 annually and a 1.9% yield; institutional investors own 54.68% of outstanding shares.

Origin Bancorp, Inc. (NYSE:OBK - Get Free Report) has earned an average rating of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $58.00.

Several equities analysts recently issued reports on OBK shares. Raymond James Financial reiterated an "outperform" rating on shares of Origin Bancorp in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. DA Davidson lifted their price objective on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a "buy" rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Origin Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Piper Sandler increased their target price on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th.

Origin Bancorp Price Performance

Shares of OBK stock opened at $53.66 on Friday. Origin Bancorp has a fifty-two week low of $32.13 and a fifty-two week high of $55.57. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The stock's 50-day simple moving average is $53.45 and its 200-day simple moving average is $48.56.

Origin Bancorp (NYSE:OBK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%.The business had revenue of $107.59 million for the quarter. As a group, equities analysts forecast that Origin Bancorp will post 4.13 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Origin Bancorp's dividend payout ratio is presently 31.25%.

Hedge Funds Weigh In On Origin Bancorp

A number of hedge funds have recently bought and sold shares of OBK. Royal Bank of Canada increased its holdings in shares of Origin Bancorp by 2.6% during the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company's stock worth $753,000 after buying an additional 457 shares during the last quarter. Nykredit A S purchased a new stake in shares of Origin Bancorp during the 2nd quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in Origin Bancorp in the second quarter valued at approximately $30,000. Azora Capital LP grew its position in Origin Bancorp by 4.0% in the fourth quarter. Azora Capital LP now owns 17,012 shares of the company's stock worth $640,000 after acquiring an additional 659 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its position in Origin Bancorp by 5.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 13,917 shares of the company's stock worth $577,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 54.68% of the company's stock.

About Origin Bancorp

Origin Bancorp, Inc is the bank holding company for Origin Bank, a regional financial institution headquartered in Ruston, Louisiana. The company provides banking and financial services to individuals, businesses and communities through a network of banking offices and digital channels.

Origin Bank offers deposit accounts, commercial and consumer lending, residential mortgage loans, treasury management, wealth management and other financial services. Its business banking activities include financing for commercial real estate, agriculture, small businesses and other operating needs, while its consumer offerings include personal loans, home loans and deposit products.

The bank serves customers primarily in Louisiana, Texas and Mississippi.

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