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

Stephens reissued their overweight rating on shares of Origin Bancorp (NASDAQ:OBK) in a research report report published on Thursday,Benzinga reports. They currently have a $45.00 price target on the stock.

A number of other research analysts also recently issued reports on OBK. DA Davidson boosted their target price on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Piper Sandler upped their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Raymond James reiterated a “strong-buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Origin Bancorp currently has a consensus rating of “Buy” and an average target price of $44.00.

Origin Bancorp Trading Down 0.6 %

NASDAQ OBK opened at $35.20 on Thursday. The company has a market capitalization of $1.10 billion, a PE ratio of 14.31 and a beta of 0.96. The company has a fifty day moving average of $37.45 and a 200 day moving average of $34.71. Origin Bancorp has a 1 year low of $27.69 and a 1 year high of $41.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. Origin Bancorp’s dividend payout ratio is currently 24.39%.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in Origin Bancorp during the 4th quarter valued at about $518,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Origin Bancorp by 3.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,943 shares of the company’s stock valued at $1,596,000 after acquiring an additional 1,586 shares in the last quarter. Squarepoint Ops LLC grew its stake in Origin Bancorp by 42.2% during the 4th quarter. Squarepoint Ops LLC now owns 9,247 shares of the company’s stock valued at $308,000 after acquiring an additional 2,745 shares in the last quarter. Two Sigma Advisers LP grew its stake in Origin Bancorp by 43.7% during the 4th quarter. Two Sigma Advisers LP now owns 48,000 shares of the company’s stock valued at $1,598,000 after acquiring an additional 14,600 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Origin Bancorp by 19.9% during the 4th quarter. Two Sigma Investments LP now owns 74,927 shares of the company’s stock valued at $2,494,000 after acquiring an additional 12,411 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

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.