Origin Bancorp (NYSE:OBK) Earns Buy Rating from DA Davidson

Origin Bancorp (NYSE:OBK)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a note issued to investors on Thursday,Benzinga reports. They presently have a $42.00 price objective on the stock. DA Davidson’s price objective would indicate a potential downside of 1.94% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Piper Sandler boosted their target price on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Origin Bancorp has a consensus rating of “Moderate Buy” and an average price target of $44.20.

Origin Bancorp Trading Up 0.6%

Origin Bancorp stock opened at $42.83 on Thursday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 17.85 and a beta of 0.74. Origin Bancorp has a 1-year low of $28.80 and a 1-year high of $43.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $38.87.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The company had revenue of $94.00 million for the quarter. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.

Insider Buying and Selling

In other Origin Bancorp news, Director Cecil W. Jones bought 8,500 shares of Origin Bancorp stock in a transaction on Tuesday, November 4th. The stock was acquired at an average price of $34.71 per share, with a total value of $295,035.00. Following the acquisition, the director owned 12,709 shares in the company, valued at approximately $441,129.39. This trade represents a 201.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.39% of the company’s stock.

Institutional Trading of Origin Bancorp

Several large investors have recently modified their holdings of OBK. Quarry LP bought a new stake in Origin Bancorp during the third quarter valued at approximately $25,000. State of Alaska Department of Revenue purchased a new stake in Origin Bancorp in the 3rd quarter worth $47,000. Tower Research Capital LLC TRC raised its stake in Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares during the period. CWM LLC raised its position in shares of Origin Bancorp by 210.1% during the second quarter. CWM LLC now owns 3,157 shares of the company’s stock valued at $113,000 after buying an additional 2,139 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in Origin Bancorp in the 2nd quarter valued at $224,000. Institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

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.