Origin Bancorp (NASDAQ:OBK – Get Free Report) posted its earnings results on Wednesday. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06), Yahoo Finance reports. The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. During the same period in the previous year, the business earned $0.71 earnings per share.
Origin Bancorp Stock Down 0.4 %
Shares of OBK stock traded down $0.14 during trading hours on Friday, hitting $31.21. 77,725 shares of the company’s stock traded hands, compared to its average volume of 104,004. The stock’s fifty day simple moving average is $32.11 and its two-hundred day simple moving average is $31.68. Origin Bancorp has a 12-month low of $27.46 and a 12-month high of $37.56. The stock has a market cap of $971.88 million, a price-to-earnings ratio of 11.91 and a beta of 0.99. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.
Origin Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.92%. Origin Bancorp’s payout ratio is 22.90%.
Analysts Set New Price Targets
Read Our Latest Analysis on Origin Bancorp
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.
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