Origin Bancorp price target lowered to $37 from $43 at Raymond James

Raymond James analyst Michael Rose lowered the firm’s price target on Origin Bancorp to $37 from $43 and keeps an Outperform rating on the shares. Raymond James continues to view risk-reward positively as we believe a premium P/E multiple is warranted given solid growth prospects, burgeoning Texas franchise, and improving fee income profile juxtaposed with its discounted valuation vs. peers, the analyst tells investors in a research note.