Stephens Reaffirms Overweight Rating for Origin Bancorp (NASDAQ:OBK)

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a report released on Thursday,Benzinga reports. They presently have a $45.00 price target on the stock. Stephens’ price target suggests a potential upside of 27.86% from the company’s previous close.

OBK has been the topic of a number of other reports. Raymond James reissued a “strong-buy” rating and issued a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. DA Davidson lifted their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Piper Sandler lifted their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. One 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 company. Based on data from MarketBeat, Origin Bancorp presently has a consensus rating of “Buy” and a consensus price target of $44.00.

Origin Bancorp Trading Down 0.6 %

OBK opened at $35.20 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. The company’s 50 day simple moving average is $37.45 and its two-hundred day simple moving average is $34.70. Origin Bancorp has a 1-year low of $27.69 and a 1-year high of $41.17. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.31 and a beta of 0.96.

Institutional Trading of Origin Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Pitcairn Co. increased its holdings in Origin Bancorp by 4.2% in the 4th quarter. Pitcairn Co. now owns 8,577 shares of the company’s stock valued at $286,000 after purchasing an additional 343 shares during the last quarter. Comerica Bank grew its stake in shares of Origin Bancorp by 13.0% in the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock worth $100,000 after acquiring an additional 347 shares in the last quarter. Mariner LLC grew its stake in shares of Origin Bancorp by 5.4% in the fourth quarter. Mariner LLC now owns 6,965 shares of the company’s stock worth $232,000 after acquiring an additional 356 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Origin Bancorp by 1.5% in the third quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock worth $1,297,000 after acquiring an additional 612 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Origin Bancorp by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,685 shares of the company’s stock worth $555,000 after acquiring an additional 636 shares in the last quarter. Institutional investors and hedge funds 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.