Origin Bancorp (NASDAQ:OBK) Rating Reiterated by Piper Sandler

Origin Bancorp (NASDAQ:OBK)‘s stock had its “neutral” rating reaffirmed by research analysts at Piper Sandler in a note issued to investors on Friday, Benzinga reports. They currently have a $32.00 price target on the stock, up from their prior price target of $30.00. Piper Sandler’s price target would suggest a potential upside of 3.33% from the company’s previous close.

Several other analysts have also commented on the company. TheStreet lowered Origin Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Raymond James increased their price objective on Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, DA Davidson reiterated a “buy” rating on shares of Origin Bancorp in a report on Monday, January 15th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Origin Bancorp Stock Performance

Shares of OBK opened at $30.97 on Friday. Origin Bancorp has a 12 month low of $25.59 and a 12 month high of $36.91. The stock has a fifty day moving average price of $29.78 and a 200-day moving average price of $31.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The firm has a market cap of $960.38 million, a PE ratio of 11.34 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. The business had revenue of $81.19 million for the quarter, compared to analysts’ expectations of $88.20 million. Equities research analysts predict that Origin Bancorp will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Origin Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in Origin Bancorp in the 4th quarter worth $30,000. First Horizon Advisors Inc. purchased a new position in Origin Bancorp in the 4th quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new stake in Origin Bancorp during the 4th quarter worth about $87,000. Quadrant Capital Group LLC acquired a new stake in Origin Bancorp during the 4th quarter worth about $90,000. Finally, Amalgamated Bank acquired a new stake in Origin Bancorp during the 4th quarter worth about $91,000. Hedge funds and other 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.