Origin Bancorp’s (OBK) “Overweight” Rating Reiterated at Stephens

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating restated by Stephens in a report released on Thursday,Benzinga reports. They presently have a $45.00 price target on the stock. Stephens’ price target would suggest a potential upside of 26.42% from the stock’s current price.

OBK has been the topic of several other reports. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. DA Davidson upped their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods restated 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. Finally, Piper Sandler upped their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $44.00.

Origin Bancorp Price Performance

NASDAQ:OBK opened at $35.60 on Thursday. Origin Bancorp has a one year low of $27.69 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 14.47 and a beta of 0.96. The firm’s fifty day moving average is $37.35 and its two-hundred day moving average is $34.68.

Institutional Trading of Origin Bancorp

Several hedge funds have recently made changes to their positions in OBK. Victory Capital Management Inc. grew its stake in shares of Origin Bancorp by 11.5% in the 3rd quarter. Victory Capital Management Inc. now owns 38,800 shares of the company’s stock valued at $1,248,000 after buying an additional 4,000 shares during the period. Natixis Advisors LLC boosted its position 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. Quest Partners LLC boosted its position in shares of Origin Bancorp by 87.1% during the 3rd quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock worth $512,000 after purchasing an additional 7,408 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Origin Bancorp by 108.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,021 shares of the company’s stock worth $740,000 after purchasing an additional 11,993 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Origin Bancorp by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock worth $7,675,000 after buying an additional 3,220 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.