Origin Bancorp, Inc. (NASDAQ:OBK – Get Free Report) 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 yield of 1.91%. The ex-dividend date of this dividend is Friday, November 15th.
Origin Bancorp has increased its dividend by an average of 16.7% annually over the last three years. Origin Bancorp has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance
NASDAQ:OBK traded down $0.78 during mid-day trading on Thursday, hitting $31.35. 186,853 shares of the company’s stock traded hands, compared to its average volume of 104,132. The firm has a 50 day moving average of $32.09 and a two-hundred day moving average of $31.68. Origin Bancorp has a 12 month low of $26.68 and a 12 month high of $37.56. The firm has a market capitalization of $972.32 million, a price-to-earnings ratio of 11.67 and a beta of 0.99. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Origin Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.
Check Out Our Latest Analysis on Origin Bancorp
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.
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