Origin Bancorp (OBK) Set to Announce Quarterly Earnings on Wednesday

Origin Bancorp (NASDAQ:OBK) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Origin Bancorp (NASDAQ:OBK) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). Origin Bancorp had a net margin of 14.40% and a return on equity of 8.50%. The company had revenue of $81.19 million during the quarter, compared to the consensus estimate of $88.20 million. On average, analysts expect Origin Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Origin Bancorp Stock Performance

Shares of OBK opened at $27.87 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. Origin Bancorp has a twelve month low of $25.59 and a twelve month high of $36.91. The firm’s 50 day moving average price is $29.88 and its two-hundred day moving average price is $31.28. The firm has a market cap of $864.09 million, a P/E ratio of 10.28 and a beta of 0.96.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Wednesday, February 14th. Origin Bancorp’s payout ratio is currently 22.14%.

Institutional Trading of Origin Bancorp

Institutional investors have recently made changes to their positions in the business. Creative Planning bought a new stake in shares of Origin Bancorp in the fourth quarter worth $720,000. Rafferty Asset Management LLC bought a new stake in Origin Bancorp during the fourth quarter worth $699,000. American International Group Inc. bought a new stake in Origin Bancorp during the fourth quarter worth $516,000. The Manufacturers Life Insurance Company bought a new stake in Origin Bancorp during the fourth quarter worth $398,000. Finally, Tower Research Capital LLC TRC bought a new stake in Origin Bancorp during the fourth quarter worth $355,000. Institutional investors own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OBK shares. Raymond James lifted their price target on shares of Origin Bancorp from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. TheStreet lowered shares of Origin Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, DA Davidson reissued a “buy” rating on shares of Origin Bancorp in a research report on Monday, January 15th.

About Origin Bancorp

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.