Keefe, Bruyette & Woods Boosts Origin Bancorp (NASDAQ:OBK) Price Target to $42.00

Origin Bancorp (NASDAQ:OBK) had its target price boosted by analysts at Keefe, Bruyette & Woods from $37.00 to $42.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 15.19% from the company’s current price.

OBK has been the subject of a number of other reports. Stephens upped their target price on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson cut their price objective on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Origin Bancorp has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Origin Bancorp Trading Up 2.6 %

OBK stock opened at $36.46 on Wednesday. Origin Bancorp has a 52 week low of $27.69 and a 52 week high of $37.56. The company has a market capitalization of $1.14 billion, a PE ratio of 15.00 and a beta of 1.00. The company’s 50-day simple moving average is $33.11 and its 200 day simple moving average is $32.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same quarter in the previous year, the company earned $0.71 EPS. As a group, sell-side analysts anticipate that Origin Bancorp will post 2.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Origin Bancorp by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,419 shares of the company’s stock worth $362,000 after purchasing an additional 599 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Origin Bancorp by 1.5% during the third quarter. Fisher Asset Management LLC now owns 40,329 shares of the company’s stock worth $1,297,000 after buying an additional 612 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Origin Bancorp in the 2nd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Bancorp during the 3rd quarter valued at $30,000. Finally, Harbor Capital Advisors Inc. grew its position in Origin Bancorp by 12.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,889 shares of the company’s stock worth $286,000 after acquiring an additional 977 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Company Profile

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.