Origin Bancorp price target raised to $42 from $35 at Piper Sandler

Piper Sandler raised the firm’s price target on Origin Bancorp (OBK) to $42 from $35 and keeps a Neutral rating on the shares. The firm is increasing its 2025/2026’s estimates to $3.00/3.50 from $2.40/$3.00 on the details around the “Optimize Origin” plan – most notably the expense savings, the higher net interest margin trajectory, and the return of above peer growth. Piper came away from the Q4 call and presentation extremely impressed with the deep dive that the Origin team has taken into its business, and appears to have identified several tangible paths to in-line, and eventually above-peer, profitability.