FY2024 EPS Estimates for Origin Bancorp, Inc. (NASDAQ:OBK) Lifted by Analyst

Origin Bancorp, Inc. (NASDAQ:OBK) – Investment analysts at DA Davidson raised their FY2024 earnings per share estimates for Origin Bancorp in a report released on Monday, April 29th. DA Davidson analyst M. Navas now expects that the company will post earnings of $2.65 per share for the year, up from their previous forecast of $2.50. 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.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $155.96 million for the quarter, compared to analyst estimates of $88.80 million. During the same quarter in the previous year, the business earned $0.79 earnings per share.

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

Origin Bancorp Stock Performance

Shares of OBK stock opened at $30.90 on Wednesday. The stock’s fifty day simple moving average is $29.79 and its 200-day simple moving average is $31.36. The company has a market capitalization of $958.21 million, a price-to-earnings ratio of 11.66 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. Origin Bancorp has a 1-year low of $25.59 and a 1-year high of $36.91.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new stake in shares of Origin Bancorp in the fourth quarter valued at about $30,000. First Horizon Advisors Inc. bought a new stake in shares of Origin Bancorp in the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Origin Bancorp during the 4th quarter worth approximately $87,000. Quadrant Capital Group LLC bought a new stake in shares of Origin Bancorp during the fourth quarter valued at approximately $90,000. Finally, Amalgamated Bank acquired a new position in shares of Origin Bancorp in the fourth quarter valued at $91,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Origin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. Origin Bancorp’s dividend payout ratio is presently 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.