Shares of Origin Bancorp, Inc. (NASDAQ:OBK – Get Free Report) have been assigned an average rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.40.
Several research firms recently commented on OBK. DA Davidson increased their target price on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 27th. Stephens reaffirmed an “overweight” rating and set a $42.00 target price on shares of Origin Bancorp in a report on Thursday, January 23rd. Raymond James reissued a “strong-buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Finally, Piper Sandler increased their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th.
View Our Latest Stock Report on Origin Bancorp
Origin Bancorp Price Performance
Origin Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 1.67%. Origin Bancorp’s payout ratio is currently 24.39%.
Institutional Investors Weigh In On Origin Bancorp
Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the period. Barclays PLC increased its stake in shares of Origin Bancorp by 79.9% in the 3rd quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after acquiring an additional 34,733 shares in the last quarter. State Street Corp increased its stake in shares of Origin Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock worth $27,148,000 after acquiring an additional 16,309 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Origin Bancorp in the 4th quarter worth about $219,000. Finally, Geode Capital Management LLC increased its stake in shares of Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock worth $21,654,000 after acquiring an additional 9,435 shares in the last quarter. 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.
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