Origin Bancorp Inc (NASDAQ:OBNK) Announces $0.09 Quarterly Dividend

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Origin Bancorp Inc (NASDAQ:OBNK) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.093 per share on Friday, November 29th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 14th.

Shares of NASDAQ:OBNK traded up $0.13 on Tuesday, reaching $35.66. 711 shares of the company’s stock were exchanged, compared to its average volume of 43,494. The firm has a market capitalization of $834.31 million, a price-to-earnings ratio of 16.21 and a beta of 0.48. Origin Bancorp has a fifty-two week low of $30.43 and a fifty-two week high of $38.73. The business’s 50-day moving average is $33.82 and its two-hundred day moving average is $33.69. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.73.

Origin Bancorp (NASDAQ:OBNK) last issued its earnings results on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $56.44 million. Origin Bancorp had a net margin of 20.11% and a return on equity of 9.47%. Analysts predict that Origin Bancorp will post 2.28 earnings per share for the current fiscal year.

OBNK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Origin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 5th. Raymond James increased their target price on shares of Origin Bancorp from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Stephens reiterated a “buy” rating and issued a $37.00 target price on shares of Origin Bancorp in a research report on Thursday, October 24th.

About Origin Bancorp

Origin Bancorp, Inc operates as the 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 Louisiana, Texas, and Mississippi. It accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.

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Dividend History for Origin Bancorp (NASDAQ:OBNK)

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