Origin Bancorp (NASDAQ:OBK) Hits New 12-Month High - What's Next?

Origin Bancorp, Inc. (NASDAQ:OBK - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $32.21 and last traded at $32.04, with a volume of 211205 shares changing hands. The stock had previously closed at $31.93.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $44.00 to $39.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Piper Sandler raised Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. DA Davidson lifted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Stephens reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Origin Bancorp in a report on Thursday, March 20th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Origin Bancorp currently has an average rating of "Buy" and an average target price of $42.20.

Origin Bancorp Stock Down 0.6 %

The firm has a market cap of $1.01 billion, a P/E ratio of 13.16 and a beta of 0.79. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $33.43 and its two-hundred day moving average is $34.69.

Origin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.85%. Origin Bancorp's dividend payout ratio (DPR) is 24.59%.

Institutional Trading of Origin Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Origin Bancorp in the 1st quarter valued at about $226,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Origin Bancorp in the 1st quarter valued at $1,487,000. CWM LLC raised its stake in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company's stock worth $35,000 after acquiring an additional 315 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Origin Bancorp by 7.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,046 shares of the company's stock valued at $314,000 after purchasing an additional 600 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake 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 acquiring an additional 400 shares during the last quarter. Institutional investors own 54.68% of the company's stock.

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, 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.