Origin Bancorp, Inc. (NYSE:OBK) Receives Average Rating of “Moderate Buy” from Analysts

Origin Bancorp, Inc. (NYSE:OBK) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.80.

OBK has been the topic of several analyst reports. Wall Street Zen upgraded shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods upped their price target on Origin Bancorp from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, DA Davidson set a $49.00 price objective on Origin Bancorp in a research note on Friday, January 30th.

Hedge Funds Weigh In On Origin Bancorp

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Origin Bancorp by 50.5% in the first quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock worth $1,354,000 after purchasing an additional 13,107 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Origin Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock valued at $605,000 after buying an additional 775 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Origin Bancorp by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after buying an additional 20,146 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Origin Bancorp by 49.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock worth $2,491,000 after buying an additional 23,906 shares during the period. Finally, Jane Street Group LLC increased its stake in Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after buying an additional 58,340 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Trading Down 3.4%

Shares of NYSE:OBK opened at $41.60 on Monday. The stock’s 50-day simple moving average is $41.33 and its two-hundred day simple moving average is $37.93. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.33 and a beta of 0.76. Origin Bancorp has a 52-week low of $28.80 and a 52-week high of $46.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The company had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.21%.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Origin Bancorp’s dividend payout ratio is currently 25.00%.

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.