Origin Bancorp (NYSE:OBK) Sets New 52-Week High – What’s Next?

Origin Bancorp, Inc. (NYSE:OBK) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.36 and last traded at $44.2180, with a volume of 356586 shares. The stock had previously closed at $44.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OBK shares. Wall Street Zen upgraded shares of Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods increased their price objective on shares of Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Finally, DA Davidson set a $49.00 target price on shares of Origin Bancorp in a research note on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Origin Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Origin Bancorp Stock Up 0.5%

The company has a market cap of $1.42 billion, a price-to-earnings ratio of 19.05 and a beta of 0.77. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $39.55.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The company had revenue of $94.00 million during the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, February 13th. Origin Bancorp’s dividend payout ratio is 25.00%.

Institutional Trading of Origin Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of OBK. Quarry LP purchased a new stake in shares of Origin Bancorp in the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in Origin Bancorp in the fourth quarter valued at $30,000. State of Alaska Department of Revenue acquired a new stake in Origin Bancorp during the 3rd quarter worth about $47,000. Tower Research Capital LLC TRC raised its stake in shares of Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after buying an additional 1,832 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Origin Bancorp by 210.1% in the 2nd quarter. CWM LLC now owns 3,157 shares of the company’s stock valued at $113,000 after buying an additional 2,139 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Company Profile

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.