Weiss Ratings Reiterates "Hold (C)" Rating for Origin Bancorp (NYSE:OBK)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Origin Bancorp (NYSE:OBK) amidst various analysts rating the stock as a "Moderate Buy" with an average target price of $43.20.
• Following recent trading, shares of Origin Bancorp reached $34.74, with a notable market capitalization of $1.08 billion and a PE ratio of 15.51.
• Institutional investors hold a significant stake in the company, owning 54.68% of the stock, with hedge funds making substantial contributions to their positions in recent quarters.

Origin Bancorp (NYSE:OBK - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently weighed in on OBK. DA Davidson lifted their price target on Origin Bancorp from $41.00 to $45.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Origin Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.20.

Origin Bancorp Stock Performance

Shares of OBK traded down $0.10 during mid-day trading on Wednesday, reaching $34.74. 4,667 shares of the company's stock traded hands, compared to its average volume of 151,707. The firm's 50-day simple moving average is $36.52. The company has a market cap of $1.08 billion, a PE ratio of 15.51 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $41.17.

Institutional Investors Weigh In On Origin Bancorp

Several hedge funds have recently made changes to their positions in OBK. Hotchkis & Wiley Capital Management LLC acquired a new stake in Origin Bancorp during the first quarter worth about $8,637,000. Nuveen LLC acquired a new stake in Origin Bancorp during the first quarter worth about $4,357,000. Argent Advisors Inc. grew its position 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 in the last quarter. American Century Companies Inc. increased its stake in Origin Bancorp by 12.3% in the first quarter. American Century Companies Inc. now owns 674,593 shares of the company's stock valued at $23,388,000 after acquiring an additional 73,668 shares during the period. Finally, Jane Street Group LLC raised its position in Origin Bancorp by 97.9% in the first quarter. Jane Street Group LLC now owns 117,954 shares of the company's stock worth $4,089,000 after purchasing an additional 58,340 shares in the last quarter. Institutional investors own 54.68% of the company's stock.

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, 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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