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

Origin Bancorp, Inc. (NYSE:OBK) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Friday, November 14th will be given a dividend of 0.15 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th.

Origin Bancorp has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings.

Origin Bancorp Trading Down 3.8%

NYSE:OBK opened at $33.05 on Friday. Origin Bancorp has a 1 year low of $28.80 and a 1 year high of $41.17. The firm has a fifty day moving average price of $35.97. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 17.30 and a beta of 0.79.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.62). The company had revenue of $109.83 million during the quarter, compared to analyst estimates of $103.95 million. Origin Bancorp had a return on equity of 5.09% and a net margin of 10.23%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC grew its holdings in Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company’s stock valued at $35,000 after purchasing an additional 315 shares during the period. Federated Hermes Inc. acquired a new position in Origin Bancorp during the first quarter valued at approximately $40,000. Nisa Investment Advisors LLC grew its holdings in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue acquired a new position in Origin Bancorp during the third quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC grew its holdings in Origin Bancorp by 232.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the company’s stock valued at $94,000 after purchasing an additional 1,832 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.