Origin Bancorp (NASDAQ:OBK) Stock Price Expected to Rise, DA Davidson Analyst Says

Origin Bancorp (NASDAQ:OBK) had its price target boosted by stock analysts at DA Davidson from $41.00 to $44.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 12.43% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of Origin Bancorp in a research note on Thursday. Raymond James restated a “strong-buy” rating and issued a $44.00 target price (up from $40.00) on shares of Origin Bancorp in a research note on Friday. Finally, Piper Sandler upped their target price on shares of Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $42.80.

Origin Bancorp Trading Up 3.3 %

OBK traded up $1.26 during trading on Monday, hitting $39.13. 311,919 shares of the company’s stock were exchanged, compared to its average volume of 169,669. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp has a 1 year low of $27.69 and a 1 year high of $39.22. The stock has a 50 day moving average price of $34.54 and a 200 day moving average price of $33.32. The firm has a market cap of $1.22 billion, a P/E ratio of 15.91 and a beta of 1.00.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in shares of Origin Bancorp by 19.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,044 shares of the company’s stock worth $1,905,000 after acquiring an additional 9,851 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Origin Bancorp by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock worth $32,454,000 after acquiring an additional 102,159 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Origin Bancorp by 20.2% in the 2nd quarter. Hsbc Holdings PLC now owns 16,007 shares of the company’s stock worth $503,000 after acquiring an additional 2,692 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Origin Bancorp by 120.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,650 shares of the company’s stock worth $814,000 after acquiring an additional 13,996 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Origin Bancorp by 72.7% in the 2nd quarter. AQR Capital Management LLC now owns 22,392 shares of the company’s stock worth $710,000 after acquiring an additional 9,425 shares during the period. 54.68% of the stock is owned by institutional investors and hedge funds.

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.