Stephens Reaffirms Overweight Rating for Origin Bancorp (NASDAQ:OBK)

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating reissued by Stephens in a report released on Thursday,Benzinga reports. They currently have a $45.00 price objective on the stock. Stephens’ price objective indicates a potential upside of 26.42% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Piper Sandler raised their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Raymond James reaffirmed a “strong-buy” rating and issued a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. DA Davidson raised their target price on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $45.00 target price (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. One equities research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $44.00.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock 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 stock’s fifty day moving average is $37.35 and its 200 day moving average is $34.68. The stock has a market cap of $1.11 billion, a P/E ratio of 14.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Hedge Funds Weigh In On Origin Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Origin Bancorp by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after purchasing an additional 32,619 shares during the last quarter. Barclays PLC grew its holdings in Origin Bancorp by 79.9% in the third quarter. Barclays PLC now owns 78,187 shares of the company’s stock worth $2,515,000 after purchasing an additional 34,733 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Origin Bancorp by 156.7% in the fourth quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company’s stock worth $10,650,000 after purchasing an additional 195,293 shares during the last quarter. State Street Corp grew its holdings in Origin Bancorp by 2.0% in the third quarter. State Street Corp now owns 844,151 shares of the company’s stock worth $27,148,000 after purchasing an additional 16,309 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp during the fourth quarter valued at $219,000. 54.68% of the stock is owned by hedge funds and other institutional investors.

About Origin Bancorp

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.