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

Origin Bancorp (NASDAQ:OBK)‘s stock had its “overweight” rating reissued by equities research analysts at Stephens in a report issued on Thursday,Benzinga reports. They presently have a $45.00 price target on the stock. Stephens’ price target indicates a potential upside of 27.86% from the company’s current price.

Several other equities research analysts have also recently issued reports on OBK. Piper Sandler lifted their price objective on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Raymond James reaffirmed a “strong-buy” rating and set a $44.00 price objective (up from $40.00) on shares of Origin Bancorp in a research report on Friday, January 24th. DA Davidson lifted their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $45.00 price objective (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $44.00.

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $35.20 on Thursday. The company has a fifty day simple moving average of $37.45 and a two-hundred day simple moving average of $34.70. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 14.31 and a beta of 0.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $41.17.

Institutional Investors Weigh In On Origin Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of OBK. Victory Capital Management Inc. raised its holdings in shares of Origin Bancorp by 11.5% in the third quarter. Victory Capital Management Inc. now owns 38,800 shares of the company’s stock valued at $1,248,000 after buying an additional 4,000 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Origin Bancorp by 10.2% in the third quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock valued at $355,000 after buying an additional 1,017 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Origin Bancorp by 87.1% in the third quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock valued at $512,000 after buying an additional 7,408 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Origin Bancorp by 108.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,021 shares of the company’s stock valued at $740,000 after buying an additional 11,993 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Origin Bancorp by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,661 shares of the company’s stock valued at $7,675,000 after buying an additional 3,220 shares during the last quarter. 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.