Equities research analysts at DA Davidson began coverage on shares of Origin Bancorp (NASDAQ:OBNK) in a research report issued on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $41.50 price target on the stock. DA Davidson’s price objective suggests a potential upside of 11.44% from the company’s current price.
Several other research firms have also recently weighed in on OBNK. Stephens restated a “buy” rating and set a $38.00 price objective on shares of Origin Bancorp in a research report on Monday, November 25th. Raymond James cut shares of Origin Bancorp from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, August 29th. Finally, Zacks Investment Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 5th.
NASDAQ OBNK opened at $37.24 on Thursday. Origin Bancorp has a 1 year low of $30.43 and a 1 year high of $37.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market capitalization of $855.91 million, a PE ratio of 15.92 and a beta of 0.48. The company’s 50 day simple moving average is $35.39 and its two-hundred day simple moving average is $33.91.
Origin Bancorp (NASDAQ:OBNK) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The firm had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $56.44 million. Origin Bancorp had a net margin of 20.11% and a return on equity of 9.47%. On average, research analysts anticipate that Origin Bancorp will post 2.31 EPS for the current year.
In other news, insider Cary Stephen Davis sold 3,278 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $36.45, for a total transaction of $119,483.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 7.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in shares of Origin Bancorp by 2.8% during the 2nd quarter. Swiss National Bank now owns 33,182 shares of the company’s stock valued at $1,095,000 after purchasing an additional 900 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Origin Bancorp by 24.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,309 shares of the company’s stock worth $175,000 after acquiring an additional 1,048 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Origin Bancorp by 49.5% in the 2nd quarter. Acadian Asset Management LLC now owns 3,845 shares of the company’s stock worth $127,000 after acquiring an additional 1,273 shares during the last quarter. Bank of Montreal Can bought a new stake in Origin Bancorp in the 2nd quarter worth $53,000. Finally, Rhumbline Advisers grew its holdings in Origin Bancorp by 8.7% in the 3rd quarter. Rhumbline Advisers now owns 29,933 shares of the company’s stock worth $1,010,000 after acquiring an additional 2,397 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors.
Origin Bancorp Company Profile
Origin Bancorp, Inc operates as the 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 Louisiana, Texas, and Mississippi. It accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.
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