Analysts Set Origin Bancorp, Inc. (NASDAQ:OBK) Target Price at $43.40

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) 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.

Origin Bancorp Price Performance

OBK stock opened at $35.85 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $41.17. The firm’s fifty day moving average is $37.20 and its 200 day moving average is $34.63. The firm has a market cap of $1.12 billion, a P/E ratio of 14.57 and a beta of 0.96.

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.