Origin Bancorp (NASDAQ:OBK) Given New $39.00 Price Target at Keefe, Bruyette & Woods

Origin Bancorp (NASDAQ:OBK) had its target price hoisted by stock analysts at Keefe, Bruyette & Woods from $38.00 to $39.00 in a report released on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 13.31% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Stephens restated an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a research note on Thursday. Piper Sandler restated a “neutral” rating and issued a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Origin Bancorp Stock Down 1.9 %

OBK traded down $0.66 during trading on Monday, reaching $34.42. 13,198 shares of the stock were exchanged, compared to its average volume of 110,990. Origin Bancorp has a twelve month low of $26.68 and a twelve month high of $37.56. The stock has a market cap of $1.07 billion, a P/E ratio of 12.99 and a beta of 1.00. The stock’s 50 day moving average price is $31.81 and its two-hundred day moving average price is $31.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.62 by $0.05. Origin Bancorp had a net margin of 13.18% and a return on equity of 8.03%. The firm had revenue of $164.26 million for the quarter, compared to the consensus estimate of $90.70 million. During the same period in the previous year, the company earned $0.69 earnings per share. Equities analysts expect that Origin Bancorp will post 2.64 EPS for the current year.

Institutional Trading of Origin Bancorp

Several large investors have recently modified their holdings of OBK. Vanguard Group Inc. acquired a new stake in shares of Origin Bancorp during the 3rd quarter worth approximately $45,900,000. SG Americas Securities LLC bought a new position in shares of Origin Bancorp in the 4th quarter worth $311,000. Raymond James & Associates bought a new position in shares of Origin Bancorp in the 4th quarter worth $493,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Origin Bancorp in the 4th quarter worth $246,000. Finally, Denali Advisors LLC bought a new position in Origin Bancorp during the 4th quarter valued at $249,000. 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.