Shares of Origin Bancorp Inc (NASDAQ:OBNK) have been given an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.

Analysts have set a 1 year consensus price target of $42.33 for the company and are forecasting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also assigned Origin Bancorp an industry rank of 143 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th.

Shares of OBNK stock opened at $33.16 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.61. Origin Bancorp has a 1 year low of $27.41 and a 1 year high of $42.31. The firm has a market cap of $811.16 million and a price-to-earnings ratio of 15.07.

Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 9.65% and a net margin of 21.44%. The business had revenue of $53.63 million for the quarter, compared to analyst estimates of $55.57 million. Equities analysts expect that Origin Bancorp will post 2.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.13 annualized dividend and a dividend yield of 0.39%. Origin Bancorp’s dividend payout ratio (DPR) is 5.91%.

Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at $51,000. Acadian Asset Management LLC acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at $57,000. Legal & General Group Plc lifted its holdings in shares of Origin Bancorp by 14.5% in the fourth quarter. Legal & General Group Plc now owns 3,017 shares of the company’s stock valued at $103,000 after buying an additional 381 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Origin Bancorp by 673.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,633 shares of the company’s stock valued at $124,000 after buying an additional 3,163 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Origin Bancorp by 12.6% in the fourth quarter. Citigroup Inc. now owns 5,402 shares of the company’s stock valued at $184,000 after buying an additional 604 shares during the period. Institutional investors and hedge funds own 43.48% of the company’s stock.

About Origin Bancorp

Origin Bancorp, Inc operates as the 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 Louisiana, Texas, and Mississippi. It accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.

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