Origin Bancorp’s (OBK) Overweight Rating Reiterated at Stephens

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating reiterated by Stephens in a report issued on Thursday,Benzinga reports. They presently have a $42.00 price target on the stock. Stephens’ target price suggests a potential upside of 11.33% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. DA Davidson dropped their price objective on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $41.60.

Origin Bancorp Stock Up 1.8 %

Shares of OBK stock opened at $37.73 on Thursday. The stock has a market cap of $1.18 billion, a P/E ratio of 15.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty day moving average price of $34.48 and a 200 day moving average price of $33.25. Origin Bancorp has a one year low of $27.69 and a one year high of $38.76.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a net margin of 12.34% and a return on equity of 6.91%. During the same period in the previous year, the firm earned $0.71 EPS. Analysts predict that Origin Bancorp will post 2.43 earnings per share for the current year.

Institutional Trading of Origin Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of OBK. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp in the 3rd quarter valued at $30,000. Brooklyn Investment Group acquired a new stake in Origin Bancorp in the fourth quarter worth about $48,000. Quantbot Technologies LP raised its holdings in Origin Bancorp by 78.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after purchasing an additional 1,187 shares during the last quarter. SG Americas Securities LLC acquired a new position in Origin Bancorp during the 3rd quarter valued at about $160,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Origin Bancorp in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Company Profile

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.