1 week Ago By Defense World Staff
Shares of Origin Bancorp, Inc. ( NASDAQ:OBK – Get Free Report ) reached a new 52-week high on Friday after Piper Sandler raised their price target on the stock from $35.00 to $42.
00. Piper Sandler currently has a neutral rating on the stock. Origin Bancorp traded as high as $38.
35 and last traded at $38.57, with a volume of 67931 shares traded. The stock had previously closed at $37.
06. A number of other brokerages also recently weighed in on OBK. Raymond James raised shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th.
Stephens restated an “overweight” rating and issued a $42.00 price target on shares of Origin Bancorp in a research note on Thursday. Keefe, Bruyette & Woods boosted their price objective on Origin Bancorp from $37.
00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson cut their target price on shares of Origin Bancorp from $41.
00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.
Based on data from MarketBeat, Origin Bancorp has an average rating of “Buy” and a consensus price target of $41.60. Read Our Latest Stock Analysis on Origin Bancorp Institutional Trading of Origin Bancorp Origin Bancorp Stock Performance The company has a fifty day moving average price of $34.
54 and a 200 day moving average price of $33.30. The company has a quick ratio of 0.
97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.
The stock has a market cap of $1.18 billion, a PE ratio of 15.34 and a beta of 1.
00. Origin Bancorp ( NASDAQ:OBK – Get Free Report ) last posted its earnings results on Wednesday, October 23rd. The company reported $0.
60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06).
Origin Bancorp had a net margin of 12.34% and a return on equity of 6.91%.
The business had revenue of $160.25 million for the quarter, compared to analysts’ expectations of $93.40 million.
During the same period last year, the firm posted $0.71 earnings per share. Analysts expect that Origin Bancorp, Inc.
will post 2.43 earnings per share for the current year. Origin Bancorp Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th.
Investors of record on Friday, February 14th will be issued a $0.15 dividend. This represents a $0.
60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, February 14th.
Origin Bancorp’s dividend payout ratio is currently 24.39%. About Origin Bancorp ( Get Free Report ) 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. Recommended Stories Five stocks we like better than Origin Bancorp How to Plot Fibonacci Price Inflection Levels Bloom Energy: Powering the Future With Decentralized Energy Learn Technical Analysis Skills to Master the Stock Market Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul Airline Stocks – Top Airline Stocks to Buy Now Why Traders Are Buying the Dip on Johnson & Johnson Stock Receive News & Ratings for Origin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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