Origin Bancorp (NASDAQ:OBK) Releases Earnings Results

Origin Bancorp (NASDAQ:OBK) posted 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. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. The business had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same quarter in the prior year, the firm earned $0.71 EPS.

Origin Bancorp Stock Performance

OBK stock traded down $0.40 during midday trading on Friday, reaching $30.95. 29,162 shares of the company’s stock 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. Origin Bancorp has a 52-week low of $27.46 and a 52-week high of $37.56. The stock has a market cap of $963.78 million, a P/E ratio of 11.97 and a beta of 0.99. The stock’s 50-day moving average is $32.11 and its 200 day moving average is $31.68.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp’s payout ratio is 22.90%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OBK. Keefe, Bruyette & Woods upped their target price 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 restated an “overweight” rating and issued a $39.00 target price on shares of Origin Bancorp in a report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.