Origin Bancorp (NASDAQ:OBK) PT Raised to $38.00

Origin Bancorp (NASDAQ:OBK - Get Free Report) had its target price hoisted by analysts at Stephens from $37.00 to $38.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Stephens' price target indicates a potential upside of 21.79% from the company's current price.

Separately, Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.75.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK traded down $0.15 during midday trading on Friday, reaching $31.20. 77,725 shares of the stock were exchanged, compared to its average volume of 104,004. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a market cap of $971.57 million, a price-to-earnings ratio of 11.91 and a beta of 0.99. The firm has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $31.68. Origin Bancorp has a twelve month low of $27.46 and a twelve month high of $37.56.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same quarter in the prior year, the business posted $0.71 EPS. As a group, analysts anticipate that Origin Bancorp will post 2.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Origin Bancorp in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Origin Bancorp in the 2nd quarter worth $91,000. SG Americas Securities LLC acquired a new position in shares of Origin Bancorp during the 3rd quarter valued at about $160,000. Carl Stuart Investment Advisor Inc. purchased a new stake in shares of Origin Bancorp in the second quarter valued at about $201,000. Finally, Tyche Wealth Partners LLC acquired a new stake in Origin Bancorp during the second quarter worth about $202,000. Hedge funds and other institutional investors 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.