Origin Bancorp (NASDAQ:OBK) Releases Earnings Results, Misses Expectations By $0.06 EPS

Origin Bancorp (NASDAQ:OBK) issued its quarterly earnings results on Wednesday. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06), Yahoo Finance reports. The company had revenue of $160.25 million during the quarter, compared to analyst estimates of $93.40 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same period in the prior year, the business earned $0.71 EPS.

Origin Bancorp Trading Down 0.5 %

Shares of NASDAQ:OBK opened at $31.20 on Friday. The company’s 50-day moving average price is $32.10 and its two-hundred day moving average price is $31.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.97. Origin Bancorp has a one year low of $27.46 and a one year high of $37.56. The stock has a market capitalization of $971.57 million, a PE ratio of 11.91 and a beta of 0.99.

Origin Bancorp Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is presently 22.90%.

Analysts Set New Price Targets

A number of analysts recently weighed in on OBK shares. Stephens raised their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods boosted their price target on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.75.

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.