Origin Bancorp, Inc. Plans Quarterly Dividend of $0.15 (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 1.69%.

Origin Bancorp has raised its dividend by an average of 7.0% per year over the last three years. Origin Bancorp has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Origin Bancorp to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 24.7%.

Origin Bancorp Trading Down 0.7 %

Shares of OBK stock traded down $0.25 during trading hours on Wednesday, hitting $35.45. 152,036 shares of the company’s stock traded hands, compared to its average volume of 136,426. The stock’s 50 day simple moving average is $34.43 and its 200 day simple moving average is $33.21. The stock has a market cap of $1.10 billion, a PE ratio of 14.59 and a beta of 1.00. Origin Bancorp has a 12 month low of $27.69 and a 12 month high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a net margin of 12.12% and a return on equity of 7.36%. The business had revenue of $160.25 million for the quarter, compared to the consensus estimate of $93.40 million. During the same period in the previous year, the business posted $0.71 EPS. On average, sell-side analysts anticipate that Origin Bancorp will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

OBK has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of Origin Bancorp from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. 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 report on Friday, October 25th. DA Davidson reduced their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James upgraded shares of Origin Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $36.80.

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.