Origin Bancorp (NASDAQ:OBK) Earns Overweight Rating from Stephens

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating restated by Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $42.00 price objective on the stock. Stephens’ price target suggests a potential upside of 11.33% from the company’s current price.

OBK has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. DA Davidson cut their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James upgraded Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $41.60.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK opened at $37.73 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a one year low of $27.69 and a one year high of $38.76. The business’s 50-day moving average price is $34.48 and its two-hundred day moving average price is $33.25. 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 (NASDAQ:OBK) last released 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). The firm had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a return on equity of 6.91% and a net margin of 12.34%. During the same quarter in the prior year, the company posted $0.71 EPS. Analysts anticipate that Origin Bancorp will post 2.43 earnings per share for the current fiscal year.

Institutional Trading of Origin Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OBK. The Manufacturers Life Insurance Company boosted its position in shares of Origin Bancorp by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock valued at $362,000 after acquiring an additional 599 shares during the period. Fisher Asset Management LLC raised its stake in Origin Bancorp by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock valued at $1,297,000 after purchasing an additional 612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Origin Bancorp in the 3rd quarter valued at $30,000. Harbor Capital Advisors Inc. grew its position in Origin Bancorp by 12.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company’s stock worth $286,000 after purchasing an additional 977 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Origin Bancorp by 10.2% during the 3rd quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after purchasing an additional 1,017 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

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.