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

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating reiterated by research analysts at Stephens in a report issued on Thursday,Benzinga reports. They presently have a $42.00 target price on the stock. Stephens’ price target would suggest a potential upside of 13.86% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Raymond James raised shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson dropped their target price on Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Origin Bancorp currently has a consensus rating of “Buy” and an average price target of $37.60.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK traded up $1.53 during trading on Thursday, hitting $36.89. 72,811 shares of the company were exchanged, compared to its average volume of 131,433. Origin Bancorp has a 52-week low of $27.69 and a 52-week high of $37.56. The stock has a 50 day moving average of $34.44 and a 200 day moving average of $33.22. 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 cap of $1.15 billion, a PE ratio of 15.16 and a beta of 1.00.

Origin Bancorp (NASDAQ:OBK) last announced 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). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The company had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, equities research analysts predict that Origin Bancorp will post 2.43 EPS for the current year.

Institutional Trading of Origin Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in OBK. Wellington Management Group LLP purchased a new position in Origin Bancorp in the 3rd quarter valued at $4,187,000. Tributary Capital Management LLC lifted its holdings in shares of Origin Bancorp by 31.8% in the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock worth $15,196,000 after acquiring an additional 110,056 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after acquiring an additional 102,159 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Origin Bancorp by 7.3% in 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 grew its stake in shares of Origin Bancorp by 92.3% in the second quarter. Millennium Management LLC now owns 124,521 shares of the company’s stock worth $3,950,000 after acquiring an additional 59,763 shares in 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.