Origin Bancorp, Inc. (OBK) To Go Ex-Dividend on August 14th

Origin Bancorp, Inc. (NYSE:OBK) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 14th will be given a dividend of 0.25 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th.

Origin Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Origin Bancorp has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Origin Bancorp to earn $4.44 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.5%.

Origin Bancorp Stock Up 1.2%

Shares of NYSE OBK opened at $53.79 on Wednesday. Origin Bancorp has a 52 week low of $32.13 and a 52 week high of $55.57. The business has a 50-day simple moving average of $51.47 and a two-hundred day simple moving average of $46.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.66 billion, a P/E ratio of 16.81 and a beta of 0.72.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%.The firm had revenue of $107.59 million for the quarter. Research analysts anticipate that Origin Bancorp will post 4.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OBK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Raymond James Financial restated an “outperform” rating on shares of Origin Bancorp in a research report on Thursday, July 23rd. Piper Sandler upped their price target on shares of Origin Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings downgraded Origin Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, DA Davidson lifted their price objective on Origin Bancorp from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

About Origin Bancorp

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.