Origin Bancorp (NYSE:OBK) Releases Earnings Results, Beats Expectations By $0.09 EPS

Origin Bancorp (NYSE:OBKGet Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09, FiscalAI reports. The company had revenue of $107.59 million for the quarter. Origin Bancorp had a return on equity of 6.53% and a net margin of 13.46%.

Origin Bancorp Stock Down 0.4%

NYSE OBK opened at $51.57 on Thursday. The stock’s 50 day simple moving average is $49.46 and its 200 day simple moving average is $45.14. Origin Bancorp has a one year low of $32.13 and a one year high of $53.20. The firm has a market cap of $1.59 billion, a PE ratio of 19.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Origin Bancorp’s dividend payout ratio (DPR) is presently 38.76%.

Wall Street Analyst Weigh In

OBK has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Origin Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Piper Sandler restated a “neutral” rating and issued a $55.00 price target (up from $51.00) on shares of Origin Bancorp in a research note on Sunday, July 12th. Finally, Stephens raised their target price on Origin Bancorp from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.50.

View Our Latest Research Report on OBK

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Origin Bancorp by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,402 shares of the company’s stock worth $550,000 after purchasing an additional 300 shares during the last quarter. LPL Financial LLC lifted its holdings in Origin Bancorp by 1.9% during the 4th quarter. LPL Financial LLC now owns 16,122 shares of the company’s stock worth $606,000 after buying an additional 300 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Origin Bancorp by 2.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 13,724 shares of the company’s stock valued at $474,000 after buying an additional 375 shares during the last quarter. Natixis Advisors LLC increased its position in Origin Bancorp by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 16,511 shares of the company’s stock valued at $621,000 after purchasing an additional 394 shares during the period. Finally, Royal Bank of Canada grew its holdings in Origin Bancorp by 2.6% during the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock worth $753,000 after acquiring an additional 457 shares during the period. 54.68% of the stock is currently owned by institutional investors.

Key Stories Impacting Origin Bancorp

Here are the key news stories impacting Origin Bancorp this week:

Origin Bancorp Company Profile

(Get Free Report)

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.

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Earnings History for Origin Bancorp (NYSE:OBK)

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