Origin Bancorp, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) announced a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, November 15th.

Origin Bancorp has increased its dividend by an average of 16.7% annually over the last three years. Origin Bancorp has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.6 %

NASDAQ OBK opened at $35.14 on Thursday. The business has a fifty day moving average price of $32.24 and a two-hundred day moving average price of $32.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a fifty-two week low of $27.69 and a fifty-two week high of $37.56. The stock has a market capitalization of $1.10 billion, a PE ratio of 14.75 and a beta of 0.98.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly 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 firm had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities analysts expect that Origin Bancorp will post 2.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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