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

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

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $31.20 on Friday. Origin Bancorp has a 1 year low of $27.46 and a 1 year high of $37.56. The firm has a 50 day moving average of $32.10 and a 200-day moving average of $31.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $971.57 million, a P/E ratio of 11.91 and a beta of 0.99.

Origin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp’s dividend payout ratio (DPR) is currently 22.90%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OBK shares. Keefe, Bruyette & Woods increased their target price on shares of Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stephens raised their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.