Wall Street Zen Downgrades Origin Bancorp (NYSE:OBK) to Sell

Key Points

• Wall Street Zen has downgraded Origin Bancorp (NYSE: OBK) from a "hold" to a "sell" rating, signaling caution for potential investors.
• Despite the downgrade, DA Davidson and Keefe, Bruyette & Woods have both issued "buy" and "outperform" ratings, increasing their price objectives to $45.00.
• Origin Bancorp's stock has experienced a decline of 4.4%, currently trading around $32.93, with a market capitalization of $1.03 billion.

Origin Bancorp (NYSE:OBK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently issued reports on OBK. DA Davidson increased their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods increased their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Origin Bancorp in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.20.

Origin Bancorp Trading Down 4.4%

Shares of Origin Bancorp stock opened at $32.93 on Friday. The business has a 50-day simple moving average of $36.43. The stock has a market cap of $1.03 billion, a P/E ratio of 14.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98. Origin Bancorp has a 1 year low of $28.80 and a 1 year high of $41.17.

Origin Bancorp (NYSE:OBK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.17 earnings per share (EPS) for the quarter. The firm had revenue of $59.94 million during the quarter. Origin Bancorp had a return on equity of 5.98% and a net margin of 11.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OBK. CWM LLC increased 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 acquiring an additional 315 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Origin Bancorp during the 1st quarter valued at about $40,000. Nisa Investment Advisors LLC increased its holdings in shares of Origin Bancorp by 46.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Origin Bancorp by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company's stock valued at $94,000 after acquiring an additional 1,832 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Origin Bancorp by 66,933.3% during the 1st quarter. GAMMA Investing LLC now owns 4,022 shares of the company's stock valued at $139,000 after acquiring an additional 4,016 shares during the last quarter. 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, 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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