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

Origin Bancorp, Inc. (NYSE:OBK) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.15 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, February 13th.

Origin Bancorp has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. Origin Bancorp has a payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings.

Origin Bancorp Stock Performance

OBK stock traded up $0.96 during midday trading on Thursday, reaching $41.69. 174,956 shares of the company were exchanged, compared to its average volume of 219,616. The company has a market capitalization of $1.29 billion, a P/E ratio of 21.83 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Origin Bancorp has a 1-year low of $28.80 and a 1-year high of $43.24. The company’s 50-day moving average price is $38.56.

Origin Bancorp (NYSE:OBK) last issued its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. Origin Bancorp had a net margin of 10.23% and a return on equity of 5.05%. The business had revenue of $94.00 million during the quarter.

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.