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

Origin Bancorp, Inc. (NASDAQ:OBK) declared a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.15 per share on Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 15th.

Origin Bancorp has increased its dividend by an average of 16.7% per year over the last three years. Origin Bancorp has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Origin Bancorp to earn $2.44 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 24.6%.

Origin Bancorp Stock Performance

Origin Bancorp stock opened at $35.14 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.10 billion, a PE ratio of 14.75 and a beta of 0.98. The firm has a fifty day simple moving average of $32.24 and a two-hundred day simple moving average of $32.05. Origin Bancorp has a twelve month low of $27.69 and a twelve month high of $37.56.

Origin Bancorp (NASDAQ:OBK) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). The business had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same period in the prior year, the firm earned $0.71 earnings per share. Research analysts expect that Origin Bancorp will post 2.46 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on OBK. Stephens upped their price objective on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods upped their price objective on shares of Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, DA Davidson cut their price target on shares of Origin Bancorp from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.20.

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.