Keefe, Bruyette & Woods Issues Pessimistic Forecast for Origin Bancorp (NASDAQ:OBK) Stock Price

Origin Bancorp (NASDAQ:OBK - Get Free Report) had its price objective reduced by equities research analysts at Keefe, Bruyette & Woods from $44.00 to $41.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 30.06% from the stock's previous close.

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

Origin Bancorp Stock Down 0.2 %

NASDAQ:OBK traded down $0.07 during trading hours on Monday, reaching $31.53. The company's stock had a trading volume of 87,665 shares, compared to its average volume of 121,236. 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 market capitalization of $984.97 million, a P/E ratio of 12.82 and a beta of 0.78. The stock has a 50 day moving average price of $34.21 and a two-hundred day moving average price of $34.71. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $41.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OBK. Barclays PLC increased its holdings in shares of Origin Bancorp by 79.9% during the 3rd quarter. Barclays PLC now owns 78,187 shares of the company's stock valued at $2,515,000 after purchasing an additional 34,733 shares in the last quarter. Franklin Resources Inc. boosted its stake in Origin Bancorp by 27.6% during the 3rd quarter. Franklin Resources Inc. now owns 71,321 shares of the company's stock worth $2,302,000 after purchasing an additional 15,405 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Origin Bancorp by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 72,986 shares of the company's stock worth $2,347,000 after buying an additional 32,619 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Origin Bancorp in the fourth quarter valued at about $48,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Origin Bancorp in the fourth quarter worth about $219,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.