Origin Bancorp price target lowered to $38 from $41 at DA Davidson

DA Davidson lowered the firm’s price target on Origin Bancorp (OBK) to $38 from $41 and keeps a Buy rating on the shares. The company’s core pre-provision net revenue beat on stronger Fees and Operating Expense, though this was partially offset by lower net interest income, the analyst tells investors in a research note. Origin Bancorp also saw flat loan balances and disappointing net interest margin, the firm added.