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

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research report issued on Thursday, Benzinga reports. They currently have a $39.00 price target on the stock. Stephens’ price objective indicates a potential upside of 11.75% from the stock’s current price.

Separately, Piper Sandler reiterated a “neutral” rating and set a $32.00 target price (up previously from $30.00) on shares of Origin Bancorp in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Origin Bancorp Stock Down 4.0 %

Origin Bancorp stock traded down $1.45 during midday trading on Thursday, reaching $34.90. The company’s stock had a trading volume of 404,770 shares, compared to its average volume of 110,757. Origin Bancorp has a fifty-two week low of $26.68 and a fifty-two week high of $37.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.08 billion, a P/E ratio of 13.30 and a beta of 1.00. The business has a 50-day simple moving average of $31.76 and a 200-day simple moving average of $31.08.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Origin Bancorp had a return on equity of 8.17% and a net margin of 13.66%. The company had revenue of $164.26 million for the quarter, compared to analysts’ expectations of $90.70 million. During the same period last year, the firm earned $0.69 earnings per share. On average, research analysts expect that Origin Bancorp will post 2.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Origin Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tributary Capital Management LLC grew its holdings in shares of Origin Bancorp by 19.6% during the second quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after buying an additional 65,266 shares during the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of Origin Bancorp during the second quarter worth about $202,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Origin Bancorp by 14.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock worth $262,000 after buying an additional 1,079 shares during the last quarter. Pitcairn Co. grew its holdings in shares of Origin Bancorp by 7.8% during the first quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock worth $209,000 after buying an additional 485 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Origin Bancorp by 8.0% during the first quarter. Empowered Funds LLC now owns 75,437 shares of the company’s stock worth $2,357,000 after buying an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors 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.