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

Origin Bancorp (NASDAQ:OBK)‘s stock had its “outperform” rating reiterated by Keefe, Bruyette & Woods in a note issued to investors on Wednesday,Benzinga reports. They currently have a $45.00 price objective on the stock, up from their prior price objective of $42.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 18.38% from the stock’s current price.

Several other brokerages have also recently issued reports on OBK. Piper Sandler increased their target price on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a research report on Thursday, January 23rd. Raymond James reiterated a “strong-buy” rating and issued a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Finally, 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 report on Monday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $43.40.

Origin Bancorp Price Performance

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

Hedge Funds Weigh In On Origin Bancorp

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Origin Bancorp in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group purchased a new position in shares of Origin Bancorp in the fourth quarter worth $48,000. Quantbot Technologies LP lifted its stake in shares of Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock worth $87,000 after buying an additional 1,187 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Origin Bancorp during the third quarter valued at $160,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Origin Bancorp in the 4th quarter valued at $219,000. 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.