Origin Bancorp (NYSE:OBK) Sets New 1-Year High – What’s Next?

Origin Bancorp, Inc. (NYSE:OBK)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.67 and last traded at $48.2290, with a volume of 14970 shares traded. The stock had previously closed at $48.10.

Analysts Set New Price Targets

OBK has been the topic of several research reports. Weiss Ratings raised Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens raised their target price on Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.50.

Origin Bancorp Trading Up 1.1%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.50 billion, a PE ratio of 18.85 and a beta of 0.73. The stock has a 50-day moving average price of $45.39 and a two-hundred day moving average price of $41.97.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The company had revenue of $104.04 million for the quarter. As a group, equities analysts forecast that Origin Bancorp, Inc. will post 4.01 earnings per share for the current year.

Origin Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.25 per share. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.1%. Origin Bancorp’s dividend payout ratio is 38.76%.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL bought a new stake in Origin Bancorp during the 3rd quarter valued at approximately $2,964,000. Endeavour Capital Advisors Inc. raised its stake in Origin Bancorp by 2,277.7% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 191,496 shares of the company’s stock valued at $6,610,000 after purchasing an additional 183,442 shares during the period. JPMorgan Chase & Co. raised its stake in Origin Bancorp by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock valued at $6,419,000 after purchasing an additional 24,949 shares during the period. Elizabeth Park Capital Advisors Ltd. bought a new stake in Origin Bancorp during the 3rd quarter valued at approximately $1,933,000. Finally, Vanguard Group Inc. raised its stake in Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after purchasing an additional 37,050 shares during the period. Institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

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.