Origin Bancorp (NASDAQ:OBK) Given “Outperform” Rating at Keefe, Bruyette & Woods

Origin Bancorp (NASDAQ:OBK)‘s stock had its “outperform” rating reissued by Keefe, Bruyette & Woods in a note issued to investors on Wednesday,Benzinga reports. They presently have a $45.00 target price on the stock, up from their previous target price of $42.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 15.05% from the stock’s current price.

OBK has been the subject of several other reports. DA Davidson lifted their target price on shares of Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday. Raymond James reissued a “strong-buy” rating and issued a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. Piper Sandler raised their price target on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Stephens reiterated an “overweight” rating and issued a $42.00 price target on shares of Origin Bancorp in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Origin Bancorp has a consensus rating of “Buy” and an average target price of $43.40.

Origin Bancorp Stock Up 0.6 %

Shares of NASDAQ:OBK traded up $0.25 during midday trading on Wednesday, reaching $39.12. The company’s stock had a trading volume of 27,336 shares, compared to its average volume of 163,022. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $34.65 and a 200-day moving average of $33.36. The firm has a market capitalization of $1.22 billion, a P/E ratio of 15.90 and a beta of 1.00. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $39.48.

Hedge Funds Weigh In On Origin Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Origin Bancorp by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after acquiring an additional 102,159 shares during the last quarter. Royce & Associates LP grew its stake in shares of Origin Bancorp by 7.3% during the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after purchasing an additional 65,844 shares during the period. State Street Corp increased its position in shares of Origin Bancorp by 2.0% during the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after purchasing an additional 16,309 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock worth $21,654,000 after purchasing an additional 9,435 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in shares of Origin Bancorp by 31.8% in the fourth quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock worth $15,196,000 after buying an additional 110,056 shares during the last quarter. Institutional investors 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.