Origin Bancorp Inc (NASDAQ:OBNK) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Brokers have set a 1 year consensus price objective of $43.00 for the company and are forecasting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned Origin Bancorp an industry rank of 191 out of 256 based on the ratings given to its competitors.
A number of research analysts recently weighed in on OBNK shares. Stephens reissued a “buy” rating and issued a $44.00 target price on shares of Origin Bancorp in a report on Thursday, October 25th. Zacks Investment Research raised shares of Origin Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, September 12th. Finally, Raymond James cut their target price on shares of Origin Bancorp from $46.00 to $42.00 and set a “strong-buy” rating for the company in a report on Friday, October 26th.
Origin Bancorp (NASDAQ:OBNK) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $49.73 million for the quarter, compared to analysts’ expectations of $49.77 million. Origin Bancorp had a net margin of 20.57% and a return on equity of 9.99%. As a group, analysts expect that Origin Bancorp will post 2.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were issued a $0.0325 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, December 13th.
Several hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Origin Bancorp by 13.5% during the third quarter. Teachers Advisors LLC now owns 34,642 shares of the company’s stock worth $1,304,000 after buying an additional 4,127 shares during the period. Strs Ohio purchased a new position in Origin Bancorp during the second quarter worth $196,000. California Public Employees Retirement System purchased a new position in Origin Bancorp during the second quarter worth $202,000. Morgan Stanley boosted its stake in Origin Bancorp by 15.4% during the third quarter. Morgan Stanley now owns 40,290 shares of the company’s stock worth $1,517,000 after buying an additional 5,389 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Origin Bancorp by 150.3% during the third quarter. JPMorgan Chase & Co. now owns 10,679 shares of the company’s stock worth $402,000 after buying an additional 6,413 shares during the period. 45.07% of the stock is owned by hedge funds and other institutional investors.
Origin Bancorp Company Profile
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 offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.
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