Research Analysts Offer Predictions for Origin Bancorp, Inc.’s Q3 2024 Earnings (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) – Analysts at DA Davidson issued their Q3 2024 EPS estimates for Origin Bancorp in a research note issued on Tuesday, July 30th. DA Davidson analyst M. Navas expects that the company will post earnings of $0.65 per share for the quarter. The consensus estimate for Origin Bancorp’s current full-year earnings is $2.64 per share.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The firm had revenue of $164.26 million during the quarter, compared to the consensus estimate of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 8.03%. During the same quarter in the previous year, the firm posted $0.69 EPS.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday. Piper Sandler reiterated a “neutral” rating and issued a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a research report on Friday, April 26th. Finally, Stephens reissued an “overweight” rating and issued a $39.00 price objective on shares of Origin Bancorp in a research note on Thursday, July 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Origin Bancorp Price Performance

NASDAQ OBK opened at $32.51 on Wednesday. The business’s fifty day moving average is $31.94 and its 200 day moving average is $31.13. Origin Bancorp has a fifty-two week low of $26.68 and a fifty-two week high of $37.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.01 billion, a PE ratio of 12.27 and a beta of 1.00.

Institutional Trading of Origin Bancorp

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in Origin Bancorp during the 3rd quarter valued at approximately $45,900,000. SG Americas Securities LLC bought a new stake in Origin Bancorp in the fourth quarter worth $311,000. Raymond James & Associates purchased a new stake in Origin Bancorp during the fourth quarter valued at $493,000. Raymond James Financial Services Advisors Inc. bought a new position in Origin Bancorp during the fourth quarter valued at $246,000. Finally, Trust Point Inc. bought a new position in Origin Bancorp during the fourth quarter valued at $339,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, August 15th. Origin Bancorp’s payout ratio is currently 22.64%.

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.