FY2024 EPS Estimates for Origin Bancorp Decreased by Analyst

Origin Bancorp, Inc. (NASDAQ:OBK) – DA Davidson cut their FY2024 earnings per share estimates for shares of Origin Bancorp in a report issued on Tuesday, November 5th. DA Davidson analyst M. Navas now forecasts that the company will post earnings of $2.45 per share for the year, down from their previous forecast of $2.52. DA Davidson has a “Buy” rating and a $38.00 price target on the stock. The consensus estimate for Origin Bancorp’s current full-year earnings is $2.52 per share. DA Davidson also issued estimates for Origin Bancorp’s Q4 2024 earnings at $0.53 EPS and FY2025 earnings at $2.55 EPS.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.60 earnings per share 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 7.48%. The business had revenue of $160.25 million during the quarter, compared to analysts’ expectations of $93.40 million. During the same period in the prior year, the firm posted $0.71 EPS.

A number of other brokerages have also weighed in on OBK. Stephens lifted their price objective on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.20.

Origin Bancorp Price Performance

Shares of OBK opened at $31.81 on Wednesday. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $37.56. The stock’s 50 day moving average is $32.04 and its two-hundred day moving average is $31.87. The firm has a market capitalization of $990.56 million, a PE ratio of 13.09 and a beta of 0.98. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is 24.69%.

Institutional Investors Weigh In On Origin Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Origin Bancorp by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after buying an additional 102,159 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock valued at $12,640,000 after buying an additional 65,266 shares in the last quarter. Stieven Capital Advisors L.P. purchased a new stake in Origin Bancorp in the 2nd quarter valued at approximately $5,637,000. Bank of New York Mellon Corp lifted its stake in Origin Bancorp by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,072 shares of the company’s stock valued at $4,316,000 after buying an additional 5,767 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in Origin Bancorp by 11.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 124,989 shares of the company’s stock valued at $3,965,000 after buying an additional 12,737 shares in the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

About Origin Bancorp

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.