Origin Bancorp (NYSE:OBK) Stock Price Expected to Rise, DA Davidson Analyst Says

Origin Bancorp (NYSE:OBK) had its price target upped by research analysts at DA Davidson from $53.00 to $62.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 15.66% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Origin Bancorp in a research note on Friday. Piper Sandler upped their price target on Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James Financial reiterated an “outperform” rating on shares of Origin Bancorp in a report on Thursday. Finally, Stephens raised their price objective on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Origin Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Origin Bancorp Stock Performance

Shares of OBK opened at $53.61 on Friday. The company has a 50-day simple moving average of $49.75 and a two-hundred day simple moving average of $45.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $1.66 billion, a PE ratio of 16.75 and a beta of 0.72. Origin Bancorp has a one year low of $32.13 and a one year high of $54.21.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%.The firm had revenue of $107.59 million for the quarter. On average, analysts anticipate that Origin Bancorp will post 4.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Origin Bancorp

A number of institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Origin Bancorp in the 3rd quarter worth about $25,000. Kestra Advisory Services LLC bought a new position in Origin Bancorp in the 4th quarter worth about $27,000. International Assets Investment Management LLC purchased a new stake in Origin Bancorp during the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC grew its position in Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Origin Bancorp by 42.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,509 shares of the company’s stock valued at $104,000 after purchasing an additional 751 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

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.