Origin Bancorp, Inc. (NYSE:OBK) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Origin Bancorp, Inc. has received a consensus rating of "Buy" from five brokerages, reflecting positive confidence in the stock's potential.
• The average 12-month price target for Origin Bancorp shares is $43.20, with increases from analysts such as DA Davidson and Keefe, Bruyette & Woods.
• The company recently declared a quarterly dividend of $0.15 per share, representing a dividend yield of 1.7% and a payout ratio of 26.79%.

Origin Bancorp, Inc. (NYSE:OBK - Get Free Report) has been given a consensus rating of "Buy" by the five brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $43.20.

Several research firms have recently commented on OBK. DA Davidson boosted their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Origin Bancorp in a research note on Saturday, September 27th. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised shares of Origin Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th.

Origin Bancorp Stock Performance

Shares of OBK traded up $0.21 during mid-day trading on Friday, reaching $34.57. The stock had a trading volume of 81,949 shares, compared to its average volume of 152,700. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.43 and a beta of 0.79. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $41.17. The business's fifty day moving average price is $36.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.15 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Origin Bancorp's dividend payout ratio is presently 26.79%.

Institutional Trading of Origin Bancorp

A number of institutional investors have recently modified their holdings of the company. CWM LLC raised its position in shares of Origin Bancorp by 44.8% in the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after purchasing an additional 315 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Origin Bancorp in the 1st quarter valued at approximately $40,000. Nisa Investment Advisors LLC raised its position in shares of Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company's stock valued at $94,000 after purchasing an additional 1,832 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Origin Bancorp by 66,933.3% in the 1st quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock valued at $139,000 after purchasing an additional 4,016 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Company Profile

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.

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