Origin Bancorp, Inc. (NYSE:OBK) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Origin Bancorp “Moderate Buy.” Five of seven analysts recommend buying the stock, while two rate it a hold; the average 12-month price target is $58.00.
• Institutional ownership remains substantial. Institutional investors and hedge funds own 54.68% of the company, with BlackRock initiating a position valued at approximately $132.2 million.
• Origin Bancorp’s latest quarterly earnings exceeded expectations, with EPS of $1.09 versus the $1.00 consensus estimate. The company also declared a quarterly dividend of $0.25 per share, representing a 1.9% yield.

Origin Bancorp, Inc. (NYSE:OBK - Get Free Report) has received an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $58.00.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Origin Bancorp in the second quarter worth $132,196,000. Vanguard Group Inc. boosted its position in shares of Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company's stock worth $65,950,000 after purchasing an additional 37,050 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Origin Bancorp by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,425,220 shares of the company's stock worth $59,089,000 after purchasing an additional 49,001 shares during the period. State Street Corp grew its stake in shares of Origin Bancorp by 1.2% during the 4th quarter. State Street Corp now owns 923,148 shares of the company's stock worth $34,720,000 after purchasing an additional 10,741 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Origin Bancorp by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 797,576 shares of the company's stock valued at $29,997,000 after purchasing an additional 116,410 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Trading Down 0.1%

NYSE OBK opened at $52.86 on Monday. The firm's fifty day moving average is $52.27 and its two-hundred day moving average is $47.24. Origin Bancorp has a one year low of $32.13 and a one year high of $55.57. 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 firm has a market cap of $1.63 billion, a PE ratio of 16.52 and a beta of 0.72.

Origin Bancorp (NYSE:OBK - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $107.59 million during the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. Analysts expect that Origin Bancorp will post 4.13 earnings per share for the current year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. Origin Bancorp's dividend payout ratio (DPR) is currently 31.25%.

Origin Bancorp Company Profile

Origin Bancorp, Inc NYSE: OBK is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.

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