Origin Bancorp (NASDAQ:OBK) Stock Price Expected to Rise, Piper Sandler Analyst Says

Origin Bancorp (NASDAQ:OBK) had its target price increased by equities researchers at Piper Sandler from $35.00 to $42.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 11.33% from the stock’s previous close.

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

Origin Bancorp Trading Up 1.8 %

NASDAQ:OBK opened at $37.73 on Friday. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $38.76. The firm has a 50-day moving average price of $34.54 and a two-hundred day moving average price of $33.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.34 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $0.71 earnings per share. On average, equities analysts expect that Origin Bancorp will post 2.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Tributary Capital Management LLC lifted its position in shares of Origin Bancorp by 31.8% during the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock worth $15,196,000 after acquiring an additional 110,056 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Origin Bancorp during the 4th quarter worth about $219,000. Brooklyn Investment Group bought a new position in Origin Bancorp in the 4th quarter worth about $48,000. JPMorgan Chase & Co. boosted its stake in Origin Bancorp by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company’s stock valued at $2,302,000 after buying an additional 15,405 shares in the last quarter. 54.68% of the stock is currently owned by hedge funds and other 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.