Origin Bancorp, Inc. (NYSE:OBK) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: Five brokerages rate Origin Bancorp a "Moderate Buy" (four buys, one hold) with an average 12‑month price target of $46.67, and several firms recently raised targets (DA Davidson $49, Keefe Bruyette & Woods $48; Weiss upgraded to buy).
• Quarterly results and valuation: Origin reported an EPS beat of $0.95 vs. $0.88 and $94M in revenue, with net margin 12.58% and ROE 6.21%; the stock opened at $45.82, has a market cap of $1.42B and a P/E of 19.09, trading near its 12‑month high of $46.64.
• Dividend and ownership: The firm pays a quarterly dividend of $0.15 ($0.60 annualized, ~1.3% yield) with a 25% payout ratio, and about 54.7% of shares are held by institutional investors.

Origin Bancorp, Inc. (NYSE:OBK - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.6667.

OBK has been the topic of several research reports. DA Davidson set a $49.00 price target on shares of Origin Bancorp in a research report on Friday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, February 2nd. Zacks Research raised Origin Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, January 26th. Finally, Weiss Ratings raised Origin Bancorp from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, March 2nd.

Origin Bancorp Stock Up 0.0%

Shares of NYSE OBK opened at $45.82 on Tuesday. The firm's 50-day simple moving average is $42.49 and its 200 day simple moving average is $39.27. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. Origin Bancorp has a 12-month low of $29.77 and a 12-month high of $46.64.

Origin Bancorp (NYSE:OBK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. The business had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%. On average, research analysts expect that Origin Bancorp will post 3.86 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 13th. Origin Bancorp's payout ratio is currently 25.00%.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Origin Bancorp during the 3rd quarter worth about $25,000. Kestra Advisory Services LLC bought a new stake in Origin Bancorp during the 4th quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in Origin Bancorp during the 4th quarter worth about $30,000. State of Alaska Department of Revenue bought a new stake in Origin Bancorp during the 3rd quarter worth about $47,000. Finally, Tower Research Capital LLC TRC raised its holdings in Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company's stock worth $94,000 after purchasing an additional 1,832 shares during the last quarter. 54.68% of the stock is owned by institutional investors.

About Origin Bancorp

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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