DA Davidson Has Lowered Expectations for Origin Bancorp (NASDAQ:OBK) Stock Price

Origin Bancorp (NASDAQ:OBK) had its target price decreased by equities researchers at DA Davidson from $41.00 to $38.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 19.46% from the stock’s current price.

OBK has been the topic of a number of other reports. Keefe, Bruyette & Woods increased their price objective 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. Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.20.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK traded up $0.69 on Tuesday, reaching $31.81. 79,637 shares of the company’s stock were exchanged, compared to its average volume of 103,273. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $37.56. The company has a fifty day moving average of $32.06 and a 200-day moving average of $31.85. The company has a market capitalization of $990.56 million, a price-to-earnings ratio of 13.09 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The company had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 12.12% and a return on equity of 7.48%. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, research analysts predict that Origin Bancorp will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OBK. GSA Capital Partners LLP bought a new stake in Origin Bancorp during the 1st quarter worth approximately $457,000. Wakefield Asset Management LLLP bought a new stake in Origin Bancorp during the second quarter worth $902,000. Linscomb Wealth Inc. purchased a new stake in Origin Bancorp in the 2nd quarter valued at $614,000. Bailard Inc. bought a new position in Origin Bancorp during the 2nd quarter valued at $251,000. Finally, Stieven Capital Advisors L.P. purchased a new position in Origin Bancorp during the 2nd quarter worth $5,637,000. Institutional investors and hedge funds 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, 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.