Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Origin Bancorp (NASDAQ:OBK) Stock

Key Points

• Keefe, Bruyette & Woods raised the target price for Origin Bancorp from $41.00 to $45.00, indicating a potential upside of 19.65% based on the current stock price and maintaining an "outperform" rating.
• Other analysts have mixed ratings, with Raymond James Financial downgrading the stock from "strong-buy" to "outperform" and lowering its price target to $39.00, while Piper Sandler upgraded it to "overweight."
• Currently, 54.68% of Origin Bancorp's stock is held by institutional investors, signaling significant interest from hedge funds and investment firms.

Origin Bancorp (NASDAQ:OBK - Get Free Report) had its target price boosted by Keefe, Bruyette & Woods from $41.00 to $45.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 19.65% from the company's current price.

Other research analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $43.00.

Origin Bancorp Price Performance

Shares of OBK stock traded up $0.14 during mid-day trading on Monday, hitting $37.61. The company had a trading volume of 9,614 shares, compared to its average volume of 150,643. Origin Bancorp has a 52-week low of $28.80 and a 52-week high of $41.17. The stock's 50 day moving average price is $35.68 and its 200-day moving average price is $35.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.17 billion, a P/E ratio of 15.32 and a beta of 0.83.

Hedge Funds Weigh In On Origin Bancorp

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Origin Bancorp during the 2nd quarter valued at about $483,000. CWM LLC grew its position in shares of Origin Bancorp by 210.1% in the 2nd quarter. CWM LLC now owns 3,157 shares of the company's stock worth $113,000 after acquiring an additional 2,139 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Origin Bancorp in the 2nd quarter worth approximately $224,000. Harbor Capital Advisors Inc. grew its position in shares of Origin Bancorp by 10.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,702 shares of the company's stock worth $382,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Origin Bancorp in the 1st quarter worth approximately $218,000. 54.68% of the stock is currently owned by hedge funds and other institutional investors.

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.

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