$66.15 Million in Sales Expected for Origin Bancorp, Inc. (NASDAQ:OBNK) This Quarter

Wall Street analysts expect Origin Bancorp, Inc. (NASDAQ:OBNK) to report sales of $66.15 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Origin Bancorp’s earnings, with estimates ranging from $65.50 million to $66.80 million. Origin Bancorp posted sales of $67.20 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, January 26th.

According to Zacks, analysts expect that Origin Bancorp will report full-year sales of $272.87 million for the current year, with estimates ranging from $271.40 million to $274.35 million. For the next year, analysts forecast that the firm will report sales of $263.39 million, with estimates ranging from $263.00 million to $263.78 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Origin Bancorp.

Origin Bancorp (NASDAQ:OBNK) last released its quarterly earnings data on Tuesday, October 26th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm had revenue of $68.46 million for the quarter, compared to analyst estimates of $67.74 million. Origin Bancorp had a net margin of 32.40% and a return on equity of 14.50%. During the same quarter in the prior year, the business earned $0.56 earnings per share.

A number of brokerages recently weighed in on OBNK. Raymond James raised their target price on shares of Origin Bancorp from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 2nd. Zacks Investment Research upgraded shares of Origin Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, December 29th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Origin Bancorp currently has an average rating of “Buy” and a consensus price target of $47.75.

Several large investors have recently modified their holdings of OBNK. Russell Investments Group Ltd. lifted its position in shares of Origin Bancorp by 30.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 34,187 shares of the company’s stock valued at $1,449,000 after acquiring an additional 8,015 shares in the last quarter. Swiss National Bank lifted its position in Origin Bancorp by 1.7% in the 2nd quarter. Swiss National Bank now owns 49,182 shares of the company’s stock worth $2,088,000 after buying an additional 800 shares in the last quarter. Citigroup Inc. lifted its position in Origin Bancorp by 155.7% in the 2nd quarter. Citigroup Inc. now owns 6,265 shares of the company’s stock worth $266,000 after buying an additional 3,815 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Origin Bancorp in the 2nd quarter worth approximately $581,000. Finally, Susquehanna Fundamental Investments LLC lifted its position in Origin Bancorp by 22.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 7,117 shares of the company’s stock worth $302,000 after buying an additional 1,286 shares in the last quarter. Institutional investors and hedge funds own 55.76% of the company’s stock.

Origin Bancorp stock opened at $44.71 on Friday. The firm has a 50 day simple moving average of $43.95 and a 200-day simple moving average of $42.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market capitalization of $1.05 billion, a PE ratio of 10.80 and a beta of 1.09. Origin Bancorp has a 12-month low of $27.60 and a 12-month high of $47.58.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Friday, November 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.16%. Origin Bancorp’s dividend payout ratio (DPR) is presently 12.56%.

About Origin Bancorp

Origin Bancorp, Inc is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients. The firm’s products and services include lending, deposits, mortgage banking, and insurance. It also offers other banking services such as Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.

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