Origin Bancorp, Inc. (OBK) To Go Ex-Dividend on November 15th

Origin Bancorp, Inc. (NASDAQ:OBK) announced a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.15 per share on Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 15th.

Origin Bancorp has increased its dividend by an average of 16.7% per year over the last three years. Origin Bancorp has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Origin Bancorp to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 24.6%.

Origin Bancorp Trading Down 1.1 %

Shares of OBK opened at $35.34 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $37.56. The firm has a 50-day moving average price of $32.19 and a 200 day moving average price of $32.02. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.75 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The company had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. During the same period in the previous year, the company earned $0.71 EPS. Sell-side analysts forecast that Origin Bancorp will post 2.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OBK shares. DA Davidson lowered their target price on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stephens lifted their price target on Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

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.