Keefe, Bruyette & Woods Boosts Origin Bancorp (NASDAQ:OBK) Price Target to $39.00

Origin Bancorp (NASDAQ:OBK) had its price target boosted by Keefe, Bruyette & Woods from $38.00 to $39.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on OBK. Piper Sandler reiterated a neutral rating and set a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. Stephens reissued an overweight rating and set a $39.00 price objective on shares of Origin Bancorp in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $36.00.

Origin Bancorp Stock Down 1.1 %

OBK stock opened at $34.36 on Monday. The stock’s 50 day simple moving average is $31.92 and its 200 day simple moving average is $31.12. The company has a market cap of $1.07 billion, a P/E ratio of 12.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96. Origin Bancorp has a fifty-two week low of $26.68 and a fifty-two week high of $37.56.

Origin Bancorp (NASDAQ:OBK) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a return on equity of 8.03% and a net margin of 13.18%. The company had revenue of $164.26 million for the quarter, compared to analyst estimates of $90.70 million. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, research analysts expect that Origin Bancorp will post 2.64 earnings per share for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. Origin Bancorp’s dividend payout ratio is currently 22.64%.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Pitcairn Co. grew its stake in Origin Bancorp by 7.8% in the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock valued at $209,000 after purchasing an additional 485 shares during the period. nVerses Capital LLC purchased a new stake in Origin Bancorp during the second quarter worth about $25,000. Nisa Investment Advisors LLC bought a new stake in Origin Bancorp in the fourth quarter worth about $30,000. Price T Rowe Associates Inc. MD boosted its stake in Origin Bancorp by 14.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock valued at $262,000 after acquiring an additional 1,079 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in shares of Origin Bancorp during the 4th quarter valued at approximately $40,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.