Brokerages Set Origin Bancorp, Inc. (NYSE:OBK) Target Price at $48.50

Origin Bancorp, Inc. (NYSE:OBK) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $48.50.

Several brokerages recently commented on OBK. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Stephens increased their price target on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th.

Origin Bancorp Trading Up 1.4%

Origin Bancorp stock opened at $50.23 on Wednesday. Origin Bancorp has a 12-month low of $32.13 and a 12-month high of $50.35. The stock has a market capitalization of $1.55 billion, a PE ratio of 19.47 and a beta of 0.73. The firm has a 50 day simple moving average of $46.35 and a 200-day simple moving average of $42.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. The business had revenue of $104.04 million for the quarter. As a group, equities research analysts expect that Origin Bancorp will post 4.01 EPS for the current fiscal year.

Origin Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.25 per share. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Origin Bancorp’s dividend payout ratio (DPR) is currently 38.76%.

Institutional Trading of Origin Bancorp

Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Origin Bancorp by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after buying an additional 300 shares during the period. LPL Financial LLC boosted its holdings in shares of Origin Bancorp by 1.9% during the 4th quarter. LPL Financial LLC now owns 16,122 shares of the company’s stock worth $606,000 after buying an additional 300 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Origin Bancorp by 2.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock worth $474,000 after buying an additional 375 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Origin Bancorp by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 16,511 shares of the company’s stock worth $621,000 after buying an additional 394 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Origin Bancorp by 2.6% during the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock worth $753,000 after buying an additional 457 shares during the period. 54.68% of the stock is owned by institutional investors.

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.