Q2 2021 EPS Estimates for Origin Bancorp, Inc. (NASDAQ:OBNK) Boosted by Piper Sandler


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Origin Bancorp, Inc. (NASDAQ:OBNK) – Piper Sandler raised their Q2 2021 EPS estimates for Origin Bancorp in a report issued on Thursday, April 29th. Piper Sandler analyst B. Milsaps now expects that the company will post earnings per share of $0.97 for the quarter, up from their prior estimate of $0.84. Piper Sandler has a “Overweight” rating and a $37.00 price target on the stock. Piper Sandler also issued estimates for Origin Bancorp’s Q4 2021 earnings at $0.72 EPS, Q2 2022 earnings at $0.79 EPS, Q4 2022 earnings at $0.83 EPS and FY2022 earnings at $3.20 EPS.

Origin Bancorp (NASDAQ:OBNK) last posted its earnings results on Tuesday, April 27th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.17. Origin Bancorp had a return on equity of 5.17% and a net margin of 11.06%.

A number of other equities research analysts have also issued reports on OBNK. TheStreet lowered Origin Bancorp from a “c+” rating to a “d+” rating in a research note on Thursday, March 18th. Zacks Investment Research lowered Origin Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, April 16th. Keefe, Bruyette & Woods raised Origin Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, January 29th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $49.00 target price (up previously from $37.00) on shares of Origin Bancorp in a research note on Wednesday, March 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Origin Bancorp has a consensus rating of “Buy” and a consensus price target of $39.63.

OBNK stock opened at $44.32 on Monday. Origin Bancorp has a 1 year low of $15.98 and a 1 year high of $44.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.98 and a current ratio of 1.00. The stock’s 50 day moving average price is $42.38 and its 200 day moving average price is $32.70. The firm has a market cap of $1.04 billion, a P/E ratio of 32.83 and a beta of 1.14.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Origin Bancorp during the 4th quarter worth $163,000. Nisa Investment Advisors LLC increased its holdings in shares of Origin Bancorp by 7.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,050 shares of the company’s stock worth $168,000 after buying an additional 400 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Origin Bancorp by 382.5% during the 4th quarter. Citigroup Inc. now owns 6,161 shares of the company’s stock worth $171,000 after buying an additional 4,884 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Origin Bancorp during the 4th quarter worth $237,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Origin Bancorp during the 4th quarter worth $242,000. Institutional investors own 50.13% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 31st. Shareholders of record on Friday, May 14th will be issued a $0.13 dividend. The ex-dividend date is Thursday, May 13th. This is an increase from Origin Bancorp’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 1.17%. Origin Bancorp’s payout ratio is 17.54%.

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 Louisiana, Texas, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction/land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.

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Earnings History and Estimates for Origin Bancorp (NASDAQ:OBNK)

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