Origin Bancorp (NASDAQ:OBK) Upgraded at Raymond James

Origin Bancorp (NASDAQ:OBK - Get Free Report) was upgraded by investment analysts at Raymond James from a "moderate buy" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target 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. 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 note on Tuesday, November 5th. Finally, Stephens upped their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $36.80.

Origin Bancorp Trading Up 0.1 %

Origin Bancorp stock traded up $0.03 during trading on Thursday, reaching $32.80. The company had a trading volume of 427,368 shares, compared to its average volume of 107,858. 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 capitalization of $1.02 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $37.56. The stock's 50 day moving average price is $34.01 and its two-hundred day moving average price is $32.65.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, equities analysts expect that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OBK. Bank of New York Mellon Corp increased its position in shares of Origin Bancorp by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company's stock worth $4,316,000 after acquiring an additional 5,767 shares during the last quarter. Bailard Inc. purchased a new stake in Origin Bancorp during the 2nd quarter worth approximately $251,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Origin Bancorp by 49.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,551 shares of the company's stock valued at $271,000 after purchasing an additional 2,821 shares in the last quarter. Argent Advisors Inc. boosted its stake in shares of Origin Bancorp by 251.0% during the 2nd quarter. Argent Advisors Inc. now owns 82,780 shares of the company's stock valued at $2,626,000 after buying an additional 59,197 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Origin Bancorp during the 2nd quarter valued at approximately $25,000. 54.68% of the stock is owned by institutional investors and hedge funds.

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.