Origin Bancorp (NASDAQ:OBK - Get Free Report)'s stock had its "strong-buy" rating reaffirmed by stock analysts at Raymond James in a note issued to investors on Friday,Benzinga reports. They presently have a $44.00 target price on the stock, up from their previous target price of $40.00. Raymond James' target price indicates a potential upside of 16.63% from the stock's current price.
A number of other research analysts have also weighed in on OBK. Stephens reaffirmed an "overweight" rating and set a $42.00 target price on shares of Origin Bancorp in a report on Thursday. DA Davidson cut their price objective on Origin Bancorp from $41.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Piper Sandler boosted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday. Finally, 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 report on Wednesday, December 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Origin Bancorp has an average rating of "Buy" and a consensus price target of $41.60.
Read Our Latest Research Report on Origin Bancorp
Origin Bancorp Price Performance
OBK stock traded up $0.67 during mid-day trading on Friday, reaching $37.73. 376,841 shares of the company traded hands, compared to its average volume of 104,786. 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 company has a market capitalization of $1.18 billion, a P/E ratio of 15.34 and a beta of 1.00. Origin Bancorp has a 52-week low of $27.69 and a 52-week high of $38.76. The company has a fifty day moving average price of $34.54 and a 200-day moving average price of $33.30.
Origin Bancorp (NASDAQ:OBK - Get Free Report) 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 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 12.34% and a return on equity of 6.91%. During the same period in the previous year, the firm earned $0.71 EPS. As a group, analysts anticipate that Origin Bancorp will post 2.43 earnings per share for the current year.
Institutional Trading of Origin Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Origin Bancorp during the third quarter valued at approximately $4,187,000. Tributary Capital Management LLC boosted its stake 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 valued at $15,196,000 after purchasing an additional 110,056 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company's stock valued at $32,454,000 after purchasing an additional 102,159 shares during the period. Royce & Associates LP boosted its stake in shares of Origin Bancorp by 7.3% during the third quarter. Royce & Associates LP now owns 961,892 shares of the company's stock valued at $30,934,000 after purchasing an additional 65,844 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Origin Bancorp by 92.3% during the second quarter. Millennium Management LLC now owns 124,521 shares of the company's stock valued at $3,950,000 after purchasing an additional 59,763 shares during the period. Hedge funds and other institutional investors own 54.68% of the company's stock.
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.
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