Origin Bancorp (NASDAQ:OBK) Rating Reiterated by Piper Sandler

Origin Bancorp (NASDAQ:OBK - Get Free Report)'s stock had its "neutral" rating reissued by analysts at Piper Sandler in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $32.00 target price on the stock, up from their prior target price of $30.00. Piper Sandler's price objective would indicate a potential upside of 3.41% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. DA Davidson reissued a "buy" rating on shares of Origin Bancorp in a research note on Monday, January 15th. TheStreet downgraded shares of Origin Bancorp from a "b-" rating to a "c+" rating in a research note on Wednesday, March 13th. Finally, Raymond James raised their target price on shares of Origin Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock remained flat at $30.95 during trading on Friday. The company had a trading volume of 174,878 shares, compared to its average volume of 111,301. Origin Bancorp has a 1 year low of $25.59 and a 1 year high of $36.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day moving average of $29.78 and a 200 day moving average of $31.31. The stock has a market cap of $959.60 million, a PE ratio of 11.68 and a beta of 0.96.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The company had revenue of $81.19 million during the quarter, compared to analyst estimates of $88.20 million. Origin Bancorp had a return on equity of 8.28% and a net margin of 13.66%. Analysts predict that Origin Bancorp will post 2.43 earnings per share for the current year.

Hedge Funds Weigh In On Origin Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of OBK. Nisa Investment Advisors LLC acquired a new stake in Origin Bancorp during the fourth quarter worth about $30,000. First Horizon Advisors Inc. acquired a new stake in Origin Bancorp during the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio purchased a new position in Origin Bancorp in the fourth quarter valued at approximately $87,000. Quadrant Capital Group LLC acquired a new position in Origin Bancorp during the fourth quarter valued at approximately $90,000. Finally, Amalgamated Bank purchased a new stake in Origin Bancorp during the fourth quarter worth approximately $91,000. 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.