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

Origin Bancorp (NASDAQ:OBK) had its price objective boosted by analysts at Stephens from $37.00 to $38.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target indicates a potential upside of 21.76% from the company’s current price.

Separately, Keefe, Bruyette & Woods increased their price objective on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a 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, Origin Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.75.

Origin Bancorp Trading Down 0.4 %

Shares of OBK opened at $31.21 on Friday. The business’s 50-day moving average price is $32.10 and its 200 day moving average price is $31.68. The stock has a market capitalization of $971.88 million, a P/E ratio of 11.91 and a beta of 0.99. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. Origin Bancorp has a 1-year low of $27.46 and a 1-year high of $37.56.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings data 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 return on equity of 7.94% and a net margin of 13.18%. The firm had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period in the prior year, the business posted $0.71 EPS. Analysts expect that Origin Bancorp will post 2.61 earnings per share for the current year.

Hedge Funds Weigh In On Origin Bancorp

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Origin Bancorp during the 2nd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Origin Bancorp during the 2nd quarter worth $91,000. SG Americas Securities LLC bought a new stake in Origin Bancorp during the third quarter valued at about $160,000. Carl Stuart Investment Advisor Inc. acquired a new stake in shares of Origin Bancorp in the second quarter valued at about $201,000. Finally, Tyche Wealth Partners LLC bought a new position in shares of Origin Bancorp in the second quarter worth about $202,000. 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.