Origin Bancorp’s (OBK) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Origin Bancorp (NASDAQ:OBK) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $42.00 price objective on the stock.

A number of other equities research analysts have also issued reports on OBK. DA Davidson cut their price target on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Origin Bancorp presently has a consensus rating of “Buy” and an average price target of $37.60.

Origin Bancorp Trading Up 4.9 %

Shares of NASDAQ:OBK opened at $37.09 on Thursday. The stock has a 50 day moving average of $34.44 and a 200 day moving average of $33.22. The company has a market cap of $1.16 billion, a PE ratio of 14.37 and a beta of 1.00. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $37.56. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a return on equity of 6.91% and a net margin of 12.34%. The firm had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same period last year, the company earned $0.71 earnings per share. As a group, equities research analysts expect that Origin Bancorp will post 2.43 EPS for the current year.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, February 14th. Origin Bancorp’s payout ratio is 24.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Origin Bancorp during the third quarter valued at $30,000. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp in the 4th quarter worth about $48,000. Quantbot Technologies LP raised its position in shares of Origin Bancorp by 78.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after buying an additional 1,187 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Origin Bancorp in the 3rd quarter valued at about $160,000. Finally, Janney Montgomery Scott LLC purchased a new position in Origin Bancorp in the fourth quarter worth about $219,000. 54.68% of the stock is currently owned by institutional investors.

About Origin Bancorp

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.