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

by · The Cerbat Gem

Origin Bancorp (NASDAQ:OBK – Get Free Report) had its price objective raised by analysts at Stephens from $37.00 to $38.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price target points to a potential upside of 21.76% from the company’s previous close.

Separately, Keefe, Bruyette & Woods upped their price objective on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.75.

Check Out Our Latest Analysis on Origin Bancorp

Origin Bancorp Stock Performance

OBK stock traded down $0.14 during midday trading on Friday, hitting $31.21. The stock had a trading volume of 77,724 shares, compared to its average volume of 103,851. The firm has a market capitalization of $971.88 million, a price-to-earnings ratio of 11.91 and a beta of 0.99. Origin Bancorp has a 52 week low of $27.46 and a 52 week high of $37.56. The stock has a 50-day simple moving average of $32.11 and a 200 day simple moving average of $31.68. 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 (NASDAQ:OBK – Get Free Report) 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). The business had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same quarter last year, the business posted $0.71 earnings per share. As a group, equities research analysts anticipate that Origin Bancorp will post 2.61 earnings per share for the current year.

Institutional Investors Weigh In On Origin Bancorp

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Origin Bancorp by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after acquiring an additional 102,159 shares during the period. Tributary Capital Management LLC boosted its position 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 valued at $12,640,000 after buying an additional 65,266 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new position in shares of Origin Bancorp during the second quarter valued at approximately $5,637,000. Bank of New York Mellon Corp boosted its position in shares of Origin Bancorp by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after buying an additional 5,767 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Origin Bancorp by 11.3% during the second quarter. Great Lakes Advisors LLC now owns 124,989 shares of the company’s stock valued at $3,965,000 after buying an additional 12,737 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Company Profile

(Get Free Report)

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.

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