Origin Bancorp (NASDAQ:OBK – Get Free Report) had its target price boosted by analysts at Stephens from $37.00 to $38.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target suggests a potential upside of 21.76% from the company’s previous close.
Separately, Keefe, Bruyette & Woods lifted their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Origin Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.75.
Read Our Latest Stock Report on Origin Bancorp
Origin Bancorp Stock Performance
Origin Bancorp (NASDAQ:OBK – Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. The firm had revenue of $160.25 million for the quarter, compared to analyst estimates of $93.40 million. During the same period last year, the business earned $0.71 earnings per share. Equities research analysts forecast that Origin Bancorp will post 2.61 EPS for the current year.
Institutional Investors Weigh In On Origin Bancorp
A number of hedge funds have recently made changes to their positions in OBK. nVerses Capital LLC bought a new position in Origin Bancorp in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of Origin Bancorp in the second quarter valued at about $91,000. SG Americas Securities LLC acquired a new position in Origin Bancorp during the 3rd quarter worth about $160,000. Carl Stuart Investment Advisor Inc. bought a new stake in Origin Bancorp during the 2nd quarter worth about $201,000. Finally, Tyche Wealth Partners LLC acquired a new stake in Origin Bancorp in the 2nd quarter valued at about $202,000. 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.
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