Origin Bancorp, Inc. (NYSE:OBK) Stock Has Average Price Target of $58.00 According to Analysts

Origin Bancorp, Inc. (NYSE:OBK) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $58.00.

OBK has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Raymond James Financial lifted their price objective on shares of Origin Bancorp from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Benchmark upgraded shares of Origin Bancorp to a “hold” rating in a report on Thursday, September 24th. Keefe, Bruyette & Woods upped their price objective on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th.

Origin Bancorp Price Performance

NYSE OBK opened at $51.08 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.58 billion, a PE ratio of 15.96 and a beta of 0.74. The company has a 50 day moving average price of $53.18 and a two-hundred day moving average price of $50.35. Origin Bancorp has a 12-month low of $32.28 and a 12-month high of $55.57.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $107.59 million during the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. As a group, equities analysts predict that Origin Bancorp will post 4.11 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. Origin Bancorp’s payout ratio is currently 31.25%.

Institutional Trading of Origin Bancorp

Several large investors have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC acquired a new stake in shares of Origin Bancorp in the third quarter worth $672,000. USA Financial Formulas bought a new stake in shares of Origin Bancorp during the 3rd quarter worth $49,000. Steel Grove Capital Advisors LLC grew its stake in Origin Bancorp by 50.0% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 6,000 shares of the company’s stock valued at $314,000 after buying an additional 2,000 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at $47,000. Finally, Squarepoint Ops LLC acquired a new position in Origin Bancorp in the 2nd quarter valued at $356,000. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc is a financial holding company headquartered in Ruston, Louisiana, and the parent company of Origin Bank. Through its banking operations, the company provides financial services to individuals, businesses, and communities across Louisiana, Texas, and Mississippi.

Origin Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, and business loans.