Origin Bancorp (OBK) Scheduled to Post Quarterly Earnings on Wednesday

Origin Bancorp (NASDAQ:OBK) is scheduled to announce its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm 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 8.17%. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, analysts expect Origin Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Origin Bancorp Stock Performance

Shares of NASDAQ:OBK opened at $36.31 on Tuesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 13.05 and a beta of 1.00. The company has a 50-day moving average price of $31.62 and a 200-day moving average price of $31.02. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Origin Bancorp has a 12 month low of $26.68 and a 12 month high of $37.08.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Tuesday, May 14th. Origin Bancorp’s dividend payout ratio (DPR) is 22.64%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a “neutral” rating and issued a $32.00 price target (up from $30.00) on shares of Origin Bancorp in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Origin Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

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.