Origin Bancorp (NASDAQ:OBK) Issues Earnings Results

Origin Bancorp (NASDAQ:OBK) issued its quarterly earnings results on Wednesday. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06), Yahoo Finance reports. The firm had revenue of $160.25 million for the quarter, compared to analysts’ expectations of $93.40 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same period in the prior year, the firm earned $0.71 EPS.

Origin Bancorp Price Performance

OBK traded down $0.40 during trading on Friday, hitting $30.95. 29,162 shares of the company traded hands, compared to its average volume of 103,756. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a market cap of $963.78 million, a PE ratio of 11.97 and a beta of 0.99. The stock’s 50-day simple moving average is $32.11 and its two-hundred day simple moving average is $31.68. Origin Bancorp has a 1 year low of $27.46 and a 1 year high of $37.56.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.90%.

Analyst Ratings Changes

Several brokerages have recently commented on OBK. Stephens restated an “overweight” rating and set a $39.00 price objective on shares of Origin Bancorp in a research report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.