Origin Bancorp (NASDAQ:OBK) Lowered to Outperform Rating by Raymond James

Origin Bancorp (NASDAQ:OBK) was downgraded by Raymond James from a “strong-buy” rating to an “outperform” rating in a report released on Wednesday,Finviz reports. They presently have a $39.00 price objective on the stock. Raymond James’ target price would suggest a potential upside of 13.68% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Origin Bancorp in a research note on Wednesday, January 29th. Piper Sandler raised their price target on shares of Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, DA Davidson boosted their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Origin Bancorp Stock Down 1.0 %

OBK stock opened at $34.31 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $41.17. The firm has a market capitalization of $1.07 billion, a PE ratio of 13.95 and a beta of 0.96. The company’s 50 day simple moving average is $37.54 and its 200-day simple moving average is $34.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OBK. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Origin Bancorp in the third quarter valued at approximately $30,000. Sterling Capital Management LLC raised its stake in Origin Bancorp by 812.6% during the fourth quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock worth $31,000 after purchasing an additional 837 shares during the period. Brooklyn Investment Group acquired a new position in shares of Origin Bancorp in the 4th quarter valued at $48,000. Quantbot Technologies LP grew its stake in shares of Origin Bancorp by 78.1% during the 3rd quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after buying an additional 1,187 shares during the period. Finally, Comerica Bank increased its holdings in shares of Origin Bancorp by 13.0% during the 4th quarter. Comerica Bank now owns 3,008 shares of the company’s stock worth $100,000 after buying an additional 347 shares during the last quarter. 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.