Origin Bancorp, Inc. (NASDAQ:OBK) to Post FY2024 Earnings of $2.65 Per Share, DA Davidson Forecasts

Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) - Equities research analysts at DA Davidson raised their FY2024 earnings estimates for shares of Origin Bancorp in a report issued on Monday, April 29th. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $2.65 for the year, up from their prior estimate of $2.50. DA Davidson currently has a "Buy" rating on the stock. The consensus estimate for Origin Bancorp's current full-year earnings is $2.59 per share.

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

A number of other brokerages have also recently issued reports on OBK. Raymond James increased their target price 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 cut 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 set a $32.00 target price (up previously from $30.00) on shares of Origin Bancorp in a research report on Friday, April 26th. One equities research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.33.

Origin Bancorp Price Performance

Shares of Origin Bancorp stock traded up $1.20 during mid-day trading on Wednesday, reaching $30.90. 171,076 shares of the stock were exchanged, compared to its average volume of 112,414. The company has a market cap of $958.21 million, a price-to-earnings ratio of 11.66 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $29.79 and a 200 day simple moving average of $31.36. Origin Bancorp has a fifty-two week low of $25.59 and a fifty-two week high of $36.91.

Institutional Investors Weigh In On Origin Bancorp

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. acquired a new stake in shares of Origin Bancorp during the 3rd quarter worth approximately $45,900,000. Dimensional Fund Advisors LP bought a new position in Origin Bancorp during the 4th quarter worth approximately $27,498,000. Goldman Sachs Group Inc. bought a new position in Origin Bancorp during the 4th quarter worth approximately $20,935,000. Tributary Capital Management LLC boosted its stake in Origin Bancorp by 6.1% during the 1st quarter. Tributary Capital Management LLC now owns 333,220 shares of the company's stock worth $10,410,000 after acquiring an additional 19,042 shares during the last quarter. Finally, King Luther Capital Management Corp bought a new position in Origin Bancorp during the 4th quarter worth approximately $8,814,000. Institutional investors and hedge funds own 54.68% of the company's stock.

Origin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, May 14th. Origin Bancorp's dividend payout ratio is 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.