Stephens Trims Origin Bancorp (NASDAQ:OBNK) Target Price to $39.00

Origin Bancorp (NASDAQ:OBNK) had its price objective decreased by Stephens from $40.00 to $39.00 in a research note released on Friday morning, BenzingaRatingsTable reports. Stephens currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on OBNK. Zacks Investment Research raised Origin Bancorp from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Saturday, January 11th. DA Davidson started coverage on Origin Bancorp in a report on Thursday, December 12th. They issued a buy rating and a $41.50 price target on the stock.

Shares of NASDAQ OBNK traded down $0.13 during mid-day trading on Friday, hitting $35.13. The company had a trading volume of 1,054 shares, compared to its average volume of 33,334. The stock has a market cap of $827.97 million, a price-to-earnings ratio of 15.34 and a beta of 0.51. Origin Bancorp has a 12 month low of $30.85 and a 12 month high of $38.14. 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 firm’s 50 day simple moving average is $37.01 and its two-hundred day simple moving average is $34.65.

Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $54.91 million during the quarter, compared to the consensus estimate of $56.70 million. Origin Bancorp had a return on equity of 9.29% and a net margin of 19.70%. Equities analysts forecast that Origin Bancorp will post 2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.093 dividend. This represents a $0.37 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 13th. Origin Bancorp’s dividend payout ratio (DPR) is 16.23%.

In other Origin Bancorp news, insider Cary Stephen Davis sold 10,000 shares of Origin Bancorp stock in a transaction on Monday, January 6th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 7.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can bought a new stake in Origin Bancorp during the 2nd quarter valued at $53,000. JPMorgan Chase & Co. raised its stake in Origin Bancorp by 24.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,309 shares of the company’s stock valued at $175,000 after acquiring an additional 1,048 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Origin Bancorp during the 3rd quarter valued at $201,000. Susquehanna International Group LLP bought a new stake in Origin Bancorp during the 2nd quarter valued at $244,000. Finally, Bank of America Corp DE raised its stake in Origin Bancorp by 20.4% during the 2nd quarter. Bank of America Corp DE now owns 16,255 shares of the company’s stock valued at $537,000 after acquiring an additional 2,758 shares in the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

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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