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

Key Points

• Origin Bancorp, Inc. declared a quarterly dividend of $0.15 per share, with investors of record set to receive it on November 28th, reflecting an annualized yield of 1.8%.
• The company's earnings for the last quarter were $0.27 EPS, which fell short of analysts’ expectations by $0.62.
• Research analysts currently have an average rating of "Buy" for Origin Bancorp, with a consensus price target of $43.20.

Origin Bancorp, Inc. (NYSE:OBK - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, November 14th will be given a dividend of 0.15 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, November 14th.

Origin Bancorp has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings.

Origin Bancorp Trading Up 0.0%

NYSE:OBK opened at $34.24 on Thursday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 15.29 and a beta of 0.79. The company has a fifty day moving average of $36.05. Origin Bancorp has a 12-month low of $28.80 and a 12-month high of $41.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98.

Origin Bancorp (NYSE:OBK - Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.62). Origin Bancorp had a net margin of 11.98% and a return on equity of 5.98%.

Analyst Upgrades and Downgrades

OBK has been the subject of a number of recent research reports. DA Davidson upgraded Origin Bancorp to a "strong-buy" rating in a report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Origin Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Origin Bancorp from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered Origin Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $43.20.

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, 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.

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