Origin Bancorp, Inc. to Post FY2024 Earnings of $2.53 Per Share, DA Davidson Forecasts (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) – Research analysts at DA Davidson reduced their FY2024 EPS estimates for Origin Bancorp in a research note issued to investors on Tuesday, July 30th. DA Davidson analyst M. Navas now forecasts that the company will earn $2.53 per share for the year, down from their previous estimate of $2.65. The consensus estimate for Origin Bancorp’s current full-year earnings is $2.61 per share. DA Davidson also issued estimates for Origin Bancorp’s FY2025 earnings at $2.80 EPS.

Origin Bancorp (NASDAQ:OBK) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. The business had revenue of $164.26 million during the quarter, compared to the consensus estimate of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 8.03%. During the same period in the prior year, the firm earned $0.69 earnings per share.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods increased their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stephens reiterated an “overweight” rating and set a $39.00 price objective on shares of Origin Bancorp in a research note on Thursday, July 25th. Finally, Piper Sandler reiterated a “neutral” rating and set a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Origin Bancorp Trading Down 2.5 %

NASDAQ OBK opened at $31.70 on Thursday. Origin Bancorp has a 12 month low of $26.68 and a 12 month high of $37.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $983.02 million, a price-to-earnings ratio of 11.96 and a beta of 1.00. The company’s fifty day moving average price is $31.95 and its two-hundred day moving average price is $31.12.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.89%. Origin Bancorp’s dividend payout ratio (DPR) is 22.64%.

Institutional Trading of Origin Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Pitcairn Co. increased its holdings in shares of Origin Bancorp by 7.8% in the 1st quarter. Pitcairn Co. now owns 6,685 shares of the company’s stock worth $209,000 after acquiring an additional 485 shares during the period. nVerses Capital LLC acquired a new stake in shares of Origin Bancorp in the 2nd quarter worth about $25,000. Nisa Investment Advisors LLC acquired a new stake in shares of Origin Bancorp in the 4th quarter worth about $30,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Origin Bancorp by 14.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,359 shares of the company’s stock worth $262,000 after acquiring an additional 1,079 shares during the period. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Origin Bancorp in the 4th quarter worth about $40,000. 54.68% of the stock is owned by institutional investors and hedge funds.

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.