Origin Bancorp (NASDAQ:OBK) Earns “Outperform” Rating from Keefe, Bruyette & Woods

Origin Bancorp (NASDAQ:OBK)‘s stock had its “outperform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a report issued on Wednesday,Benzinga reports. They presently have a $45.00 target price on the stock, up from their previous target price of $42.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 18.38% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Stephens reissued an “overweight” rating and issued a $42.00 price target on shares of Origin Bancorp in a report on Thursday, January 23rd. Raymond James reissued a “strong-buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. DA Davidson raised their price target on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday. Finally, Piper Sandler boosted their price objective on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $43.40.

Origin Bancorp Stock Performance

NASDAQ OBK opened at $38.01 on Wednesday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.45 and a beta of 1.00. The stock has a 50-day moving average of $34.83 and a 200 day moving average of $33.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $39.48.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OBK. Empowered Funds LLC increased its position in Origin Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 89,789 shares of the company’s stock worth $2,989,000 after purchasing an additional 4,304 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Origin Bancorp by 31.8% during the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock worth $15,196,000 after buying an additional 110,056 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Origin Bancorp during the 4th quarter valued at approximately $219,000. Brooklyn Investment Group acquired a new position in Origin Bancorp in the fourth quarter valued at approximately $48,000. Finally, JPMorgan Chase & Co. grew its position in Origin Bancorp by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company’s stock worth $2,347,000 after acquiring an additional 32,619 shares during the period. Hedge funds and other institutional investors 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.