Origin Bancorp (NASDAQ:OBK) Price Target Cut to $41.00 by Analysts at Keefe, Bruyette & Woods

Origin Bancorp (NASDAQ:OBK - Get Free Report) had its price objective cut by equities research analysts at Keefe, Bruyette & Woods from $44.00 to $41.00 in a report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 25.11% from the stock's current price.

Other analysts have also recently issued research reports about the company. Piper Sandler upgraded Origin Bancorp from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 24th. Raymond James downgraded shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $44.00 to $39.00 in a report on Wednesday, April 2nd. Stephens reaffirmed an "overweight" rating and set a $45.00 target price on shares of Origin Bancorp in a research note on Thursday, March 20th. Finally, DA Davidson increased their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $42.20.

Origin Bancorp Price Performance

Shares of OBK traded up $0.66 during mid-day trading on Monday, reaching $32.77. The stock had a trading volume of 77,266 shares, compared to its average volume of 122,122. The business has a fifty day moving average of $33.54 and a 200 day moving average of $34.68. 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 firm has a market cap of $1.02 billion, a price-to-earnings ratio of 13.32 and a beta of 0.79. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $41.17.

Institutional Trading of Origin Bancorp

Large investors have recently made changes to their positions in the business. Rhino Investment Partners Inc bought a new stake in Origin Bancorp during the fourth quarter worth approximately $15,077,000. Bank of New York Mellon Corp increased its position in shares of Origin Bancorp by 156.7% during the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company's stock valued at $10,650,000 after purchasing an additional 195,293 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Origin Bancorp during the 4th quarter valued at $3,836,000. Tributary Capital Management LLC lifted its position in Origin Bancorp by 31.8% in the fourth 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. Finally, Argent Advisors Inc. boosted its stake in Origin Bancorp by 870.3% during the first quarter. Argent Advisors Inc. now owns 109,767 shares of the company's stock worth $3,806,000 after buying an additional 98,454 shares during the period. 54.68% of the stock is currently owned by institutional investors.

Origin Bancorp Company Profile

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.