Origin Bancorp price target raised to $49 from $42 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on Origin Bancorp (OBK) to $49 from $42 and keeps a Buy rating on the shares. The company posted a strong quarter, inclusive of nonrecurring items related to the sub-debt redemption, and previously disclosed fraud and questionable banker activity, the analyst tells investors in a research note. The ongoing recruiting and ramp of new hires are expected to be a positive tailwind for the second half of the year, the firm added.