Equities research analysts expect Origin Bancorp, Inc. (NASDAQ:OBNK) to report sales of $66.15 million for the current quarter, Zacks reports. Two analysts have made estimates for Origin Bancorp’s earnings. The lowest sales estimate is $65.50 million and the highest is $66.80 million. Origin Bancorp reported sales of $67.20 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The business is expected to issue its next earnings results after the market closes on Wednesday, January 26th.
According to Zacks, analysts expect that Origin Bancorp will report full-year sales of $272.87 million for the current year, with estimates ranging from $271.40 million to $274.35 million. For the next fiscal year, analysts forecast that the company will report sales of $263.39 million, with estimates ranging from $263.00 million to $263.78 million. Zacks’ sales averages are an average based on a survey of analysts that follow Origin Bancorp.
Origin Bancorp (NASDAQ:OBNK) last announced its earnings results on Tuesday, October 26th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Origin Bancorp had a return on equity of 14.50% and a net margin of 32.40%. The business had revenue of $68.46 million during the quarter, compared to analysts’ expectations of $67.74 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share.
Shares of Origin Bancorp stock opened at $44.71 on Friday. The business has a 50 day simple moving average of $43.95 and a two-hundred day simple moving average of $42.49. Origin Bancorp has a 12 month low of $27.60 and a 12 month high of $47.58. The stock has a market capitalization of $1.05 billion, a P/E ratio of 10.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.89.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Stockholders of record on Friday, November 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. Origin Bancorp’s dividend payout ratio (DPR) is presently 12.56%.
Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Origin Bancorp by 132.7% in the second quarter. AQR Capital Management LLC now owns 41,217 shares of the company’s stock valued at $1,750,000 after purchasing an additional 23,506 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Origin Bancorp by 15.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 65,920 shares of the company’s stock worth $2,792,000 after acquiring an additional 8,618 shares during the period. Citigroup Inc. grew its position in Origin Bancorp by 155.7% in the second quarter. Citigroup Inc. now owns 6,265 shares of the company’s stock worth $266,000 after acquiring an additional 3,815 shares during the period. Geode Capital Management LLC grew its position in Origin Bancorp by 1.2% in the second quarter. Geode Capital Management LLC now owns 377,816 shares of the company’s stock worth $16,042,000 after acquiring an additional 4,357 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Origin Bancorp by 21.3% in the second quarter. Qube Research & Technologies Ltd now owns 10,084 shares of the company’s stock worth $428,000 after acquiring an additional 1,773 shares during the period. Institutional investors and hedge funds own 55.76% of the company’s stock.
Origin Bancorp Company Profile
Origin Bancorp, Inc is a bank holding company, which engages in the provision of financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients. The firm’s products and services include lending, deposits, mortgage banking, and insurance. It also offers other banking services such as Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.
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