Origin Bancorp (NASDAQ:OBNK) Announces Quarterly Earnings Results

Origin Bancorp (NASDAQ:OBNKGet Rating) announced its earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01, MarketWatch Earnings reports. Origin Bancorp had a net margin of 34.71% and a return on equity of 14.65%. During the same quarter last year, the firm earned $1.08 earnings per share.

Shares of NASDAQ OBNK traded down $1.62 during mid-day trading on Friday, hitting $37.68. The stock had a trading volume of 58,359 shares, compared to its average volume of 41,723. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 0.91. Origin Bancorp has a 1 year low of $37.40 and a 1 year high of $47.58. The business has a 50 day moving average price of $42.52 and a two-hundred day moving average price of $43.38. The firm has a market cap of $894.90 million, a P/E ratio of 8.60 and a beta of 0.99.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Monday, May 16th. Origin Bancorp’s payout ratio is presently 11.87%.

A number of institutional investors have recently modified their holdings of OBNK. Morgan Stanley increased its position in Origin Bancorp by 36,244.9% during the 2nd quarter. Morgan Stanley now owns 42,887 shares of the company’s stock valued at $1,821,000 after purchasing an additional 42,769 shares during the period. Royal Bank of Canada increased its position in Origin Bancorp by 68.8% during the 3rd quarter. Royal Bank of Canada now owns 2,556 shares of the company’s stock valued at $109,000 after purchasing an additional 1,042 shares during the period. BNP Paribas Arbitrage SA increased its position in Origin Bancorp by 164.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,831 shares of the company’s stock valued at $247,000 after purchasing an additional 3,623 shares during the period. Bank of New York Mellon Corp increased its position in Origin Bancorp by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 102,465 shares of the company’s stock valued at $4,340,000 after purchasing an additional 6,126 shares during the period. Finally, Bank of America Corp DE increased its position in Origin Bancorp by 90.6% during the 4th quarter. Bank of America Corp DE now owns 25,289 shares of the company’s stock valued at $1,085,000 after purchasing an additional 12,022 shares during the period. 54.73% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of Origin Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 2nd.

Origin Bancorp Company Profile (Get Rating)

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.

See Also

Earnings History for Origin Bancorp (NASDAQ:OBNK)

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