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

Key Points

• Weiss Ratings has reissued a "hold (c)" rating for Origin Bancorp (NYSE:OBK), while other analysts have differing opinions, with Wall Street Zen downgrading to "sell" and DA Davidson upgrading to "strong-buy."
• Origin Bancorp's recent earnings report showed an EPS miss of $0.62, with the company reporting $0.27 EPS against a consensus estimate of $0.89.
• The company's stock has a consensus rating of "Buy" and a price target of $43.20, with current trading at $33.40 and a market cap of $1.04 billion.

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

Other analysts have also issued research reports about the company. Wall Street Zen lowered Origin Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. DA Davidson upgraded shares of Origin Bancorp to a "strong-buy" rating in a report on Monday, October 20th. Finally, Keefe, Bruyette & Woods boosted their price target on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $43.20.

Origin Bancorp Stock Performance

NYSE OBK opened at $33.40 on Friday. 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 company has a market cap of $1.04 billion, a P/E ratio of 17.49 and a beta of 0.79. Origin Bancorp has a one year low of $28.80 and a one year high of $41.17. The firm's 50 day moving average price is $35.90.

Origin Bancorp (NYSE:OBK - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.62). The firm had revenue of $109.83 million for the quarter, compared to the consensus estimate of $103.95 million. Origin Bancorp had a net margin of 10.23% and a return on equity of 5.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OBK. The Manufacturers Life Insurance Company lifted its position in Origin Bancorp by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company's stock worth $550,000 after acquiring an additional 300 shares during the period. CWM LLC lifted its holdings in shares of Origin Bancorp by 44.8% in the 1st quarter. CWM LLC now owns 1,018 shares of the company's stock valued at $35,000 after buying an additional 315 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Origin Bancorp by 46.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company's stock valued at $44,000 after buying an additional 400 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Origin Bancorp by 4.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,162 shares of the company's stock valued at $385,000 after buying an additional 460 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Origin Bancorp by 7.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,046 shares of the company's stock valued at $314,000 after buying an additional 600 shares during the period. Hedge funds and other 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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