Origin Bancorp (NASDAQ:OBK) Reaches New 1-Year High at $37.25

Shares of Origin Bancorp, Inc. (NASDAQ:OBK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.25 and last traded at $37.23, with a volume of 47280 shares trading hands. The stock had previously closed at $36.31.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and issued a $32.00 price target (up previously from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Origin Bancorp Stock Up 2.7 %

The firm has a market capitalization of $1.16 billion, a P/E ratio of 13.70 and a beta of 1.00. The firm’s 50-day moving average is $31.62 and its 200 day moving average is $31.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $155.96 million for the quarter, compared to analysts’ expectations of $88.80 million. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.17%. During the same period in the previous year, the firm posted $0.79 EPS. As a group, equities research analysts predict that Origin Bancorp, Inc. will post 2.65 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.60 annualized dividend and a yield of 1.61%. Origin Bancorp’s dividend payout ratio is currently 22.64%.

Institutional Investors Weigh In On Origin Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Pitcairn Co. lifted its position in Origin Bancorp by 7.8% during the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock worth $209,000 after buying an additional 485 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Origin Bancorp during the 4th quarter worth about $30,000. Price T Rowe Associates Inc. MD lifted its position in Origin Bancorp by 14.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock worth $262,000 after buying an additional 1,079 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in Origin Bancorp during the 4th quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Origin Bancorp during the 4th quarter worth about $87,000. 54.68% of the stock is owned by institutional investors.

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.