Origin Bancorp (NASDAQ:OBK – Get Free Report) 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
View Our Latest Analysis on Origin Bancorp
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.
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