Origin Bancorp (NASDAQ:OBNK – Get Rating) was downgraded by research analysts at Piper Sandler from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Friday, MarketBeat reports. They presently have a $41.00 target price on the stock, down from their previous target price of $46.00. Piper Sandler's target price suggests a potential upside of 11.17% from the company's previous close.
Origin Bancorp Stock Down 5.3 %
Shares of NASDAQ OBNK opened at $36.88 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.21 and a beta of 0.94. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.72. Origin Bancorp has a 52-week low of $35.36 and a 52-week high of $47.28. The business's 50 day moving average is $38.06 and its two-hundred day moving average is $40.21.
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Origin Bancorp (NASDAQ:OBNK – Get Rating) last announced its earnings results on Wednesday, October 26th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.04). The firm had revenue of $92.25 million during the quarter, compared to analysts' expectations of $90.80 million. Origin Bancorp had a net margin of 22.85% and a return on equity of 11.80%. Research analysts predict that Origin Bancorp will post 4.48 EPS for the current year.
Institutional Trading of Origin Bancorp
A number of large investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Origin Bancorp by 252,880.0% during the fourth quarter. Allworth Financial LP now owns 12,649 shares of the company's stock worth $464,000 after acquiring an additional 12,644 shares during the period. Titleist Asset Management LTD. purchased a new stake in shares of Origin Bancorp during the fourth quarter worth $257,000. Bank of New York Mellon Corp increased its position in shares of Origin Bancorp by 9.3% during the third quarter. Bank of New York Mellon Corp now owns 109,005 shares of the company's stock worth $4,193,000 after acquiring an additional 9,311 shares during the period. AWM Capital LLC purchased a new stake in shares of Origin Bancorp during the third quarter worth $3,063,000. Finally, Jane Street Group LLC purchased a new stake in shares of Origin Bancorp during the third quarter worth $276,000. Hedge funds and other institutional investors own 47.20% of the company's stock.
Origin Bancorp Company Profile
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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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.
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