Origin Bancorp, Inc. (OBK) to Issue Quarterly Dividend of $0.15 on November 29th

Origin Bancorp, Inc. (NASDAQ:OBK) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Investors of record on Friday, November 15th will be paid a dividend of 0.15 per share on Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, November 15th.

Origin Bancorp has raised its dividend payment by an average of 16.7% annually over the last three years. Origin Bancorp has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Origin Bancorp to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 22.1%.

Origin Bancorp Stock Down 2.4 %

Shares of NASDAQ:OBK opened at $31.35 on Friday. The company has a 50 day moving average of $32.11 and a two-hundred day moving average of $31.68. Origin Bancorp has a 52-week low of $26.68 and a 52-week high of $37.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $976.24 million, a price-to-earnings ratio of 11.97 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.05. The firm had revenue of $164.26 million for the quarter, compared to the consensus estimate of $90.70 million. Origin Bancorp had a net margin of 13.18% and a return on equity of 7.94%. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, analysts forecast that Origin Bancorp will post 2.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Stephens reiterated an “overweight” rating and set a $39.00 price objective on shares of Origin Bancorp in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Origin Bancorp presently has an average rating of “Moderate Buy” and an average target price of $36.00.

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.