Stephens Releases a Buy Rating on Origin Bancorp (OBNK)


In a report released today, Matt Olney from Stephens assigned a Buy rating to Origin Bancorp (OBNK), with a price target of $38.00. The company’s shares closed last Monday at $34.98.

According to TipRanks.com, Olney is a 3-star analyst with an average return of 0.8% and a 50.2% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Spirit Of Texas Bancshares, and Business First Bancshares.

Currently, the analyst consensus on Origin Bancorp is a Moderate Buy with an average price target of $38.50.

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Based on Origin Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $14.62 million. In comparison, last year the company had a net profit of $12.26 million.

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Origin Bancorp, Inc. is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients, through its subsidiary Origin Bank. Its services products and services include lending, deposits, mortgage banking, and insurance.

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