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Origin Bancorp downgraded to Outperform from Strong Buy at Raymond James

Raymond James analyst Michael Rose downgraded Origin Bancorp (OBK) to Outperform from Strong Buy with a price target of $39, down from $44. Following “strong” year-to-date outperformance, the firm believes the path to the bank’s 1.2%-1.3% ROA target in 2027 could become “increasingly challenging” should loan growth remain muted for the industry at-large and believes the necessary scale to show ongoing progress towards these targets will be more challenging to obtain near-term, the analyst tells investors.

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