Investment firm Piper Sandler has revised its outlook on Origin Bancorp (OBK, Financial), moving the bank from a Neutral to an Overweight rating, reflecting increased optimism following the company's first-quarter performance. Despite maintaining a price target of $42, this upgrade signals a positive shift in sentiment towards the bank.
Origin Bancorp's shares are currently trading slightly below their tangible book value per share, which, combined with improved expectations for net interest margins, suggests a promising investment scenario. This development highlights a compelling risk/reward balance, making it an attractive prospect for investors.
