Origin Bancorp, Inc. (OBK) To Go Ex-Dividend on February 13th

Origin Bancorp, Inc. (NYSE:OBK) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.15 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 13th.

Origin Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Origin Bancorp has a dividend payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings.

Origin Bancorp Price Performance

NYSE:OBK opened at $44.80 on Wednesday. The business’s 50-day moving average is $40.07 and its 200 day moving average is $37.30. Origin Bancorp has a 12 month low of $28.80 and a 12 month high of $46.02. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.67 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Origin Bancorp (NYSE:OBK) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.The business had revenue of $94.00 million during the quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OBK. Weiss Ratings reissued a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Wall Street Zen raised shares of Origin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson set a $49.00 price objective on Origin Bancorp in a research note on Friday, January 30th. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Piper Sandler increased their price target on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.80.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.