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

Origin Bancorp, Inc. (NYSE:OBK) declared a quarterly dividend on Wednesday, July 22nd. Shareholders 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 yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th.

Origin Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Origin Bancorp has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Origin Bancorp to earn $4.27 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 23.4%.

Origin Bancorp Stock Up 1.7%

OBK stock opened at $52.49 on Friday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.40 and a beta of 0.72. The company has a 50-day moving average of $49.58 and a two-hundred day moving average of $45.24. Origin Bancorp has a 52-week low of $32.13 and a 52-week high of $53.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Origin Bancorp had a return on equity of 8.03% and a net margin of 16.26%.The business had revenue of $107.59 million during the quarter. As a group, equities research analysts anticipate that Origin Bancorp will post 3.97 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in shares of Origin Bancorp in the 2nd quarter valued at about $219,000. Summit Financial Wealth Advisors LLC grew its stake in shares of Origin Bancorp by 5.3% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,917 shares of the company’s stock worth $577,000 after purchasing an additional 700 shares during the period. Bank of America Corp DE boosted its holdings in Origin Bancorp by 71.2% during the first quarter. Bank of America Corp DE now owns 74,524 shares of the company’s stock worth $3,090,000 after buying an additional 31,005 shares during the last quarter. Royal Bank of Canada grew its position in shares of Origin Bancorp by 2.6% during the 1st quarter. Royal Bank of Canada now owns 18,167 shares of the company’s stock worth $753,000 after buying an additional 457 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Origin Bancorp by 4.9% during the 1st quarter. Empowered Funds LLC now owns 138,469 shares of the company’s stock worth $5,741,000 after buying an additional 6,506 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.

Origin Bancorp Company Profile

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.