Origin Bancorp, Inc. (NASDAQ:OBK) Forecasted to Earn Q2 2024 Earnings of $0.61 Per Share

Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) - Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for Origin Bancorp in a note issued to investors on Monday, April 29th. DA Davidson analyst M. Navas anticipates that the company will post earnings per share of $0.61 for the quarter. DA Davidson has a "Buy" rating on the stock. The consensus estimate for Origin Bancorp's current full-year earnings is $2.47 per share. DA Davidson also issued estimates for Origin Bancorp's FY2025 earnings at $2.85 EPS.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. The firm had revenue of $155.96 million during the quarter, compared to analyst estimates of $88.80 million. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. During the same quarter last year, the business earned $0.79 EPS.

OBK has been the topic of a number of other research reports. Raymond James lifted their price objective on shares of Origin Bancorp from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. TheStreet downgraded shares of Origin Bancorp from a "b-" rating to a "c+" rating in a research report on Wednesday, March 13th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $32.00 target price (up from $30.00) on shares of Origin Bancorp in a research note on Friday. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Origin Bancorp presently has an average rating of "Moderate Buy" and an average price target of $33.33.

Origin Bancorp Stock Down 1.5 %

NASDAQ OBK traded down $0.45 during trading on Tuesday, reaching $29.69. 166,882 shares of the company's stock traded hands, compared to its average volume of 111,708. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $920.69 million, a price-to-earnings ratio of 11.20 and a beta of 0.96. The company's 50 day simple moving average is $29.76 and its two-hundred day simple moving average is $31.36. Origin Bancorp has a 12-month low of $25.59 and a 12-month high of $36.91.

Institutional Investors Weigh In On Origin Bancorp

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC acquired a new position in shares of Origin Bancorp during the 4th quarter valued at about $30,000. First Horizon Advisors Inc. acquired a new position in Origin Bancorp in the fourth quarter valued at about $40,000. Public Employees Retirement System of Ohio acquired a new position in Origin Bancorp in the fourth quarter valued at about $87,000. Quadrant Capital Group LLC acquired a new position in Origin Bancorp in the fourth quarter valued at about $90,000. Finally, Amalgamated Bank acquired a new position in Origin Bancorp in the fourth quarter valued at about $91,000. Hedge funds and other institutional investors own 54.68% of the company's stock.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, May 14th. Origin Bancorp's payout ratio is presently 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.