Origin Bancorp (NASDAQ:OBK) Releases Earnings Results, Beats Expectations By $0.05 EPS

Origin Bancorp (NASDAQ:OBK) issued its quarterly earnings results on Wednesday. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05, Yahoo Finance reports. Origin Bancorp had a return on equity of 8.17% and a net margin of 13.66%. The company had revenue of $164.26 million during the quarter, compared to the consensus estimate of $90.70 million. During the same period last year, the business posted $0.69 earnings per share.

Origin Bancorp Price Performance

NASDAQ:OBK traded down $1.75 during trading hours on Thursday, hitting $34.60. 531,436 shares of the company’s stock traded hands, compared to its average volume of 111,721. The firm has a market cap of $1.07 billion, a P/E ratio of 13.06 and a beta of 1.00. Origin Bancorp has a 52 week low of $26.68 and a 52 week high of $37.56. The business’s fifty day simple moving average is $31.78 and its two-hundred day simple moving average is $31.11. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16.

Origin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, August 15th. Origin Bancorp’s dividend payout ratio is 22.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler reissued a “neutral” rating and issued a $32.00 target price (up from $30.00) on shares of Origin Bancorp in a research report on Friday, April 26th. Stephens reaffirmed an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a report on Thursday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.