Origin Bancorp, Inc. (NASDAQ:OBK) Receives Average Rating of 'Moderate Buy' From Analysts

Origin Bancorp, Inc. (NASDAQ:OBK) has attracted attention from analysts, earning an average rating of "Moderate Buy" based on evaluations from five research firms. While one analyst has suggested holding the stock, four others have recommended buying it. Analysts predict a 1-year price target averaging $36.00 for the shares, indicating confidence in the company's future performance.

Recent Research Reports

In the latest analyses, Keefe, Bruyette & Woods revised their price target for Origin Bancorp, raising it from $38.00 to $39.00 and reaffirming an “outperform” rating. Similarly, Stephens confirmed an "overweight" rating with a price target of $39.00 in a report released shortly before.

Current Stock Performance

As of Friday, Origin Bancorp shares opened at $32.31, reflecting a 3.7% increase. The stock has shown stability with a 50-day simple moving average of $31.71 and a 200-day average of $31.53. The total market capitalization of the company is estimated at approximately $1.01 billion. Its price-to-earnings (P/E) ratio stands at 12.33, indicating favorable valuation estimates. Additionally, the company maintains a beta of 0.99, suggesting it moves in line with overall market trends. Origin Bancorp's balance sheet shows a healthy debt-to-equity ratio of 0.18.

Quarterly Earnings Insights

In its most recent earnings announcement, reported on July 24, Origin Bancorp exceeded expectations by posting earnings per share (EPS) of $0.67, surpassing the consensus estimate of $0.62. The company's revenue for this quarter reached $164.26 million, significantly on track compared to the expected $90.70 million. With a net margin of 13.18% and a return on equity of 7.94%, analysts estimate that Origin Bancorp is set to report EPS of 2.61 for the current year.

Dividend Declaration

Origin Bancorp recently declared a quarterly dividend which was paid on August 30. Shareholders who held their shares on August 15 received a dividend of $0.15 per share, translating to an annualized payout of $0.60 and a yield of 1.86%. The ex-dividend date aligns with the record date of August 15. Presently, the company maintains a dividend payout ratio of 22.90%, reflecting prudent financial management.

Institutional Investments

Recent changes in property holdings have been noted, with several significant investors adjusting their stakes in Origin Bancorp. Beaird Harris Wealth Management LLC acquired a fresh position valued at around $176,000. Goldman Sachs Group swallowed a substantial stake worth about $20.94 million. Other notable purchases included Greenwood Capital Associates and Fisher Asset Management, further indicating interest in OBK shares. Overall, 54.68% of Origin Bancorp is owned by institutional investors, showcasing strong interest from larger finance entities.

Company Overview

Origin Bancorp, Inc. serves as the holding company for Origin Bank, providing a variety of banking and financial services tailored to small and medium-sized businesses, municipalities, and individual clients primarily across Texas, Louisiana, and Mississippi. The company offers several products, including checking accounts, savings and money market accounts, various types of loans, and other essential financial products.

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