Origin Bancorp (NYSE:OBK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Origin Bancorp (NYSE:OBK) had its price target hoisted by equities researchers at Keefe, Bruyette & Woods from $43.00 to $48.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 8.55% from the company’s current price.

OBK has been the subject of several other reports. Piper Sandler upped their price target on shares of Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. DA Davidson set a $49.00 price target on Origin Bancorp in a report on Friday. Finally, Wall Street Zen raised Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.80.

Origin Bancorp Trading Up 0.1%

OBK stock opened at $44.22 on Monday. The company has a market capitalization of $1.37 billion, a PE ratio of 18.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $45.36. The business has a 50-day moving average of $39.20.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. The company had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Origin Bancorp in the 4th quarter worth approximately $30,000. Vanguard Group Inc. raised its stake in Origin Bancorp by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock worth $65,950,000 after buying an additional 37,050 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Origin Bancorp by 5.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 11,741 shares of the company’s stock valued at $442,000 after buying an additional 579 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Origin Bancorp by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company’s stock valued at $551,000 after buying an additional 1,282 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Origin Bancorp by 15.5% during the third quarter. JPMorgan Chase & Co. now owns 185,941 shares of the company’s stock valued at $6,419,000 after acquiring an additional 24,949 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

About Origin Bancorp

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.