DA Davidson Issues Pessimistic Forecast for Origin Bancorp (NASDAQ:OBK) Stock Price

Origin Bancorp (NASDAQ:OBK) had its price objective reduced by DA Davidson from $41.00 to $38.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 6.71% from the company’s previous close. DA Davidson also issued estimates for Origin Bancorp’s Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $2.45 EPS and FY2025 earnings at $2.55 EPS.

A number of other brokerages have also recently issued reports on OBK. Stephens upped their price objective on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their price objective on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Origin Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Origin Bancorp Stock Performance

Shares of OBK stock opened at $35.61 on Tuesday. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The stock’s 50-day moving average is $32.10 and its two-hundred day moving average is $31.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.11 billion, a P/E ratio of 14.65 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK) last issued 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 business had revenue of $160.25 million for the quarter, compared to the consensus estimate 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 previous year, the business posted $0.71 EPS. Analysts predict that Origin Bancorp will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Origin Bancorp

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in 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 buying an additional 102,159 shares during the period. Royce & Associates LP raised its stake in 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 last quarter. Tributary Capital Management LLC boosted its holdings in Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after purchasing an additional 65,266 shares during the period. Stieven Capital Advisors L.P. acquired a new stake in Origin Bancorp in the 2nd quarter worth $5,637,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Origin Bancorp by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock worth $4,316,000 after purchasing an additional 5,767 shares during the period. 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.