Origin Bancorp (NASDAQ:OBK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised the target price for Origin Bancorp from $41.00 to $45.00, indicating a potential upside of 19.65% based on the current stock price and maintaining an "outperform" rating.
• Other analysts have mixed ratings, with Raymond James Financial downgrading the stock from "strong-buy" to "outperform" and lowering its price target to $39.00, while Piper Sandler upgraded it to "overweight."
• Currently, 54.68% of Origin Bancorp's stock is held by institutional investors, signaling significant interest from hedge funds and investment firms.

Origin Bancorp (NASDAQ:OBK - Free Report) had its price target increased by Keefe, Bruyette & Woods from $41.00 to $45.00 in a report released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently issued reports on OBK. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 24th. Raymond James Financial lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Origin Bancorp currently has an average rating of "Buy" and an average price target of $43.20.

Origin Bancorp Stock Performance

OBK traded down $0.57 during trading on Monday, hitting $36.48. The stock had a trading volume of 257,979 shares, compared to its average volume of 153,842. 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 capitalization of $1.14 billion, a P/E ratio of 14.83 and a beta of 0.83. The company's 50-day moving average price is $35.92 and its 200 day moving average price is $35.34. Origin Bancorp has a twelve month low of $28.80 and a twelve month high of $41.17.

Origin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. Origin Bancorp's dividend payout ratio is currently 26.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Resource Council acquired a new position in shares of Origin Bancorp during the 1st quarter valued at about $377,000. Franklin Resources Inc. increased its stake in shares of Origin Bancorp by 26.7% during the 4th quarter. Franklin Resources Inc. now owns 90,341 shares of the company's stock valued at $3,007,000 after acquiring an additional 19,020 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Origin Bancorp by 11.3% during the 4th quarter. American Century Companies Inc. now owns 600,925 shares of the company's stock valued at $20,005,000 after acquiring an additional 61,240 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Origin Bancorp by 118.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,930 shares of the company's stock valued at $697,000 after acquiring an additional 11,328 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Origin Bancorp by 58.4% during the 4th quarter. Deutsche Bank AG now owns 26,818 shares of the company's stock valued at $893,000 after acquiring an additional 9,887 shares during 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.