Keefe, Bruyette & Woods Issues Positive Forecast for Origin Bancorp (NYSE:OBK) Stock Price

Origin Bancorp (NYSE:OBK) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $57.00 to $60.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 8.54% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Origin Bancorp in a research report on Friday, July 24th. Stephens boosted their target price on shares of Origin Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. DA Davidson upped their price target on shares of Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Piper Sandler boosted their price objective on shares of Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Origin Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Origin Bancorp Stock Up 0.7%

NYSE:OBK traded up $0.39 during mid-day trading on Tuesday, hitting $55.28. 3,608 shares of the company’s stock traded hands, compared to its average volume of 184,993. The company has a fifty day moving average of $50.68 and a 200 day moving average of $46.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a twelve month low of $32.13 and a twelve month high of $55.57. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.25 and a beta of 0.72.

Origin Bancorp (NYSE:OBK) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%.The business had revenue of $107.59 million during the quarter. On average, analysts forecast that Origin Bancorp will post 4.13 EPS for the current year.

Institutional Investors Weigh In On Origin Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OBK. AQR Capital Management LLC increased its position in shares of Origin Bancorp by 50.5% during the 1st quarter. AQR Capital Management LLC now owns 39,056 shares of the company’s stock worth $1,354,000 after purchasing an additional 13,107 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Origin Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,460 shares of the company’s stock worth $605,000 after buying an additional 775 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Origin Bancorp by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock valued at $22,660,000 after acquiring an additional 20,146 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Origin Bancorp by 49.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,849 shares of the company’s stock valued at $2,491,000 after acquiring an additional 23,906 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Origin Bancorp by 97.9% in the 1st quarter. Jane Street Group LLC now owns 117,954 shares of the company’s stock worth $4,089,000 after acquiring an additional 58,340 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.