Origin Bancorp (NYSE:OBK) Shares Break Above Fifty Day Moving Average - Time to Sell?

Key Points

• Origin Bancorp shares rose above their 50-day moving average, reaching $54.62 and last trading at $54.13, compared with a 50-day average of $52.90.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $58.00.
• The company reported quarterly earnings of $1.22 per share on $113.22 million in revenue and declared a quarterly dividend of $0.28, equivalent to a 2.1% annual yield.

Shares of Origin Bancorp, Inc. (NYSE:OBK - Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $52.90 and traded as high as $54.62. Origin Bancorp shares last traded at $54.13, with a volume of 118,027 shares trading hands.

Wall Street Analyst Weigh In

OBK has been the topic of several recent analyst reports. Raymond James Financial raised their target price on shares of Origin Bancorp from $56.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, October 2nd. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Keefe, Bruyette & Woods upped their price target on shares of Origin Bancorp from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Origin Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Finally, DA Davidson raised their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Origin Bancorp Price Performance

The business has a 50-day simple moving average of $52.90 and a 200 day simple moving average of $48.29. The firm has a market cap of $1.67 billion, a P/E ratio of 16.92 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (NYSE:OBK - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. The business had revenue of $113.22 million during the quarter. On average, analysts anticipate that Origin Bancorp, Inc. will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Origin Bancorp's dividend payout ratio (DPR) is presently 26.99%.

Institutional Trading of Origin Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Nykredit A S bought a new stake in Origin Bancorp during the 2nd quarter valued at approximately $25,000. Allworth Financial LP bought a new position in shares of Origin Bancorp during the second quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new position in Origin Bancorp in the 2nd quarter worth about $47,000. USA Financial Formulas bought a new position in Origin Bancorp in the 3rd quarter worth about $49,000. Finally, Heritage Family Offices LLP purchased a new stake in Origin Bancorp during the 3rd quarter valued at about $75,000. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities.

Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.

The bank serves customers through banking locations and digital channels across Louisiana, Texas and Mississippi.

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