Origin Bancorp Inc (NASDAQ:OBNK) Receives Average Recommendation of “Buy” from Analysts

Origin Bancorp Inc (NASDAQ:OBNK) has received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Origin Bancorp’s rating score has declined by 50% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus price target of $38.50 for the company and are anticipating that the company will post $0.59 EPS for the current quarter, according to Zacks. Zacks has also assigned Origin Bancorp an industry rank of 172 out of 255 based on the ratings given to its competitors.

Several analysts have commented on the stock. Stephens reaffirmed a “buy” rating and issued a $37.00 target price on shares of Origin Bancorp in a research note on Thursday, October 24th. Raymond James increased their target price on shares of Origin Bancorp from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 5th.

A number of large investors have recently modified their holdings of OBNK. BlackRock Inc. boosted its stake in shares of Origin Bancorp by 8.5% during the second quarter. BlackRock Inc. now owns 1,123,823 shares of the company’s stock worth $37,087,000 after buying an additional 88,103 shares during the period. Patriot Financial Partners GP LP grew its position in shares of Origin Bancorp by 108.2% during the 3rd quarter. Patriot Financial Partners GP LP now owns 577,285 shares of the company’s stock valued at $19,478,000 after buying an additional 300,000 shares during the last quarter. Mendon Capital Advisors Corp grew its position in shares of Origin Bancorp by 3.9% during the 2nd quarter. Mendon Capital Advisors Corp now owns 567,162 shares of the company’s stock valued at $18,716,000 after buying an additional 21,157 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Origin Bancorp by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 562,427 shares of the company’s stock valued at $18,559,000 after buying an additional 9,333 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in shares of Origin Bancorp by 4.1% during the 2nd quarter. King Luther Capital Management Corp now owns 457,134 shares of the company’s stock valued at $15,085,000 after buying an additional 18,131 shares during the last quarter. Institutional investors and hedge funds own 46.14% of the company’s stock.

OBNK traded up $0.18 during trading hours on Monday, reaching $34.99. The company’s stock had a trading volume of 421 shares, compared to its average volume of 43,138. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.05. The business’s 50-day moving average is $33.88 and its 200-day moving average is $33.70. Origin Bancorp has a fifty-two week low of $30.43 and a fifty-two week high of $38.73. The stock has a market cap of $818.34 million, a PE ratio of 15.97 and a beta of 0.48.

Origin Bancorp (NASDAQ:OBNK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Origin Bancorp had a return on equity of 9.47% and a net margin of 20.11%. The company had revenue of $57.50 million for the quarter, compared to analyst estimates of $56.44 million. Analysts expect that Origin Bancorp will post 2.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.093 dividend. This represents a $0.37 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. Origin Bancorp’s dividend payout ratio is currently 16.82%.

About Origin Bancorp

Origin Bancorp, Inc operates as the holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Louisiana, Texas, and Mississippi. It accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.

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