Origin Bancorp (NYSE:OBK) Upgraded at Zacks Research

Zacks Research upgraded shares of Origin Bancorp (NYSE:OBKFree Report) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

A number of other brokerages have also weighed in on OBK. Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Wall Street Zen raised Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson initiated coverage on Origin Bancorp in a research note on Tuesday, November 25th. They issued a “buy” rating and a $42.00 price target for the company. Finally, Piper Sandler increased their price objective on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Origin Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

View Our Latest Stock Analysis on Origin Bancorp

Origin Bancorp Price Performance

Shares of Origin Bancorp stock opened at $40.73 on Monday. Origin Bancorp has a 1 year low of $28.80 and a 1 year high of $42.86. The stock has a 50-day moving average price of $38.56. The company has a market cap of $1.26 billion, a PE ratio of 21.32 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Origin Bancorp (NYSE:OBKGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $94.00 million during the quarter. Origin Bancorp had a net margin of 10.23% and a return on equity of 5.05%.

Insider Activity

In other news, Director Cecil W. Jones acquired 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $34.71 per share, with a total value of $295,035.00. Following the completion of the acquisition, the director directly owned 12,709 shares of the company’s stock, valued at approximately $441,129.39. The trade was a 201.95% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Origin Bancorp by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,359,580 shares of the company’s stock valued at $46,933,000 after purchasing an additional 31,267 shares during the last quarter. Tributary Capital Management LLC grew its position in Origin Bancorp by 92.5% during the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after buying an additional 379,716 shares during the period. American Century Companies Inc. increased its holdings in Origin Bancorp by 0.9% during the second quarter. American Century Companies Inc. now owns 680,970 shares of the company’s stock valued at $24,338,000 after buying an additional 6,377 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Origin Bancorp by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after acquiring an additional 20,146 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in shares of Origin Bancorp by 1.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 622,264 shares of the company’s stock worth $21,481,000 after acquiring an additional 7,250 shares during the last quarter. Institutional investors own 54.68% of the company’s stock.

Key Origin Bancorp News

Here are the key news stories impacting Origin Bancorp this week:

Origin Bancorp Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Origin Bancorp (NYSE:OBK)

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