Piper Sandler Issues Positive Forecast for Origin Bancorp (NASDAQ:OBK) Stock Price

Origin Bancorp (NASDAQ:OBK) had its price objective increased by analysts at Piper Sandler from $35.00 to $42.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 9.01% from the stock’s previous close.

OBK has been the topic of several other research reports. DA Davidson reduced their target price 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. Keefe, Bruyette & Woods increased their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Stephens reissued an “overweight” rating and set a $42.00 target price on shares of Origin Bancorp in a research report on Thursday. Finally, Raymond James raised shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Origin Bancorp currently has a consensus rating of “Buy” and an average target price of $39.60.

Origin Bancorp Trading Up 4.0 %

NASDAQ:OBK traded up $1.47 on Friday, hitting $38.53. 139,590 shares of the stock were exchanged, compared to its average volume of 144,187. The stock has a market cap of $1.20 billion, a PE ratio of 15.65 and a beta of 1.00. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $38.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $34.44 and a 200-day moving average of $33.22.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.34% and a return on equity of 6.91%. The business had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, equities analysts expect that Origin Bancorp will post 2.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Origin Bancorp

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