Origin Bancorp (NYSE:OBK - Get Free Report) was upgraded by equities researchers at DA Davidson to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.
OBK has been the subject of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on shares of Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Origin Bancorp in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Origin Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $43.20.
Get Our Latest Research Report on OBK
Origin Bancorp Stock Performance
Origin Bancorp stock opened at $33.91 on Monday. The business has a 50 day moving average price of $36.17. Origin Bancorp has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.14 and a beta of 0.79.
Origin Bancorp (NYSE:OBK - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.17 earnings per share (EPS) for the quarter. The company had revenue of $59.94 million during the quarter. Origin Bancorp had a net margin of 11.98% and a return on equity of 5.98%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of OBK. CWM LLC raised its holdings in shares of Origin Bancorp by 44.8% during the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after purchasing an additional 315 shares in the last quarter. Federated Hermes Inc. bought a new position in Origin Bancorp in the 1st quarter worth $40,000. Nisa Investment Advisors LLC raised its holdings in Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock worth $44,000 after acquiring an additional 400 shares during the period. Tower Research Capital LLC TRC raised its holdings in Origin Bancorp by 232.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company's stock worth $94,000 after acquiring an additional 1,832 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Origin Bancorp by 66,933.3% in the 1st quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock worth $139,000 after acquiring an additional 4,016 shares during the period. Institutional investors own 54.68% of the company's stock.
About Origin Bancorp
(
Get Free Report)
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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.
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