Equities Analysts Offer Predictions for Origin Bancorp, Inc.’s Q2 2024 Earnings (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) – DA Davidson issued their Q2 2024 earnings estimates for shares of Origin Bancorp in a research report issued on Monday, April 29th. DA Davidson analyst M. Navas expects that the company will earn $0.61 per share for the quarter. DA Davidson has a “Buy” rating on the stock. The consensus estimate for Origin Bancorp’s current full-year earnings is $2.59 per share. DA Davidson also issued estimates for Origin Bancorp’s FY2025 earnings at $2.85 EPS.

Origin Bancorp (NASDAQ:OBK) last posted its earnings results on Thursday, April 25th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Origin Bancorp had a net margin of 13.66% and a return on equity of 8.28%. The firm had revenue of $155.96 million for the quarter, compared to analyst estimates of $88.80 million. During the same period in the previous year, the firm posted $0.79 EPS.

A number of other research firms have also weighed in on OBK. TheStreet lowered shares of Origin Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Raymond James boosted their target price on shares of Origin Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Piper Sandler reissued a “neutral” rating and set a $32.00 target price (up from $30.00) on shares of Origin Bancorp in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Origin Bancorp Trading Up 4.0 %

OBK opened at $30.90 on Tuesday. Origin Bancorp has a fifty-two week low of $25.59 and a fifty-two week high of $36.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $958.21 million, a price-to-earnings ratio of 11.66 and a beta of 0.96. The company’s 50 day moving average price is $29.79 and its two-hundred day moving average price is $31.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new position in Origin Bancorp during the fourth quarter worth $30,000. First Horizon Advisors Inc. bought a new position in Origin Bancorp during the fourth quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new position in Origin Bancorp during the fourth quarter worth $87,000. Quadrant Capital Group LLC acquired a new position in Origin Bancorp during the fourth quarter worth $90,000. Finally, Amalgamated Bank acquired a new position in Origin Bancorp during the fourth quarter worth $91,000. 54.68% of the stock is owned by institutional investors.

Origin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, May 14th. Origin Bancorp’s dividend payout ratio is currently 22.64%.

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.