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

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a report issued on Thursday,Benzinga reports. They currently have a $42.00 price objective on the stock. Stephens’ price target indicates a potential upside of 13.86% from the company’s current price.

OBK has been the subject of several other research reports. Raymond James raised Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. DA Davidson lowered their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $37.60.

Origin Bancorp Trading Up 4.3 %

NASDAQ:OBK traded up $1.53 during trading hours on Thursday, hitting $36.89. 72,811 shares of the company were exchanged, compared to its average volume of 131,433. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.16 and a beta of 1.00. Origin Bancorp has a one year low of $27.69 and a one year high of $37.56. The company has a fifty day simple moving average of $34.44 and a 200 day simple moving average of $33.22. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp (NASDAQ:OBK) last released 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 firm had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. During the same period in the prior year, the company posted $0.71 EPS. Sell-side analysts expect that Origin Bancorp will post 2.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Origin Bancorp

Several hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Origin Bancorp in the third quarter valued at about $30,000. Brooklyn Investment Group purchased a new stake in Origin Bancorp in the fourth quarter worth $48,000. Quantbot Technologies LP raised its stake in shares of Origin Bancorp by 78.1% in the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after buying an additional 1,187 shares during the period. SG Americas Securities LLC purchased a new position in shares of Origin Bancorp during the 3rd quarter valued at $160,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Origin Bancorp during the 4th quarter valued at $219,000. Institutional investors own 54.68% of the company’s stock.

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.