Q2 2024 Earnings Forecast for Origin Bancorp, Inc. Issued By DA Davidson (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Origin Bancorp in a report issued on Monday, April 29th. DA Davidson analyst M. Navas anticipates that the company will post earnings of $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 $2.47 per share. DA Davidson also issued estimates for Origin Bancorp’s FY2025 earnings at $2.85 EPS.

Several other analysts also recently issued reports on OBK. Raymond James upped their price objective 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. Piper Sandler reiterated a “neutral” rating and issued a $32.00 price objective (up from $30.00) on shares of Origin Bancorp in a research note on Friday. Finally, TheStreet lowered Origin Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Origin Bancorp Stock Down 2.7 %

Shares of OBK stock opened at $30.14 on Tuesday. The company has a market capitalization of $934.64 million, a price-to-earnings ratio of 11.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day simple moving average is $29.77 and its 200 day simple moving average is $31.35. Origin Bancorp has a twelve month low of $25.59 and a twelve month high of $36.91.

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

Origin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, May 14th. Origin Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new stake in shares of Origin Bancorp in the 4th quarter valued at $30,000. First Horizon Advisors Inc. acquired a new position in shares of Origin Bancorp in the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in Origin Bancorp during the 4th quarter valued at $87,000. Quadrant Capital Group LLC bought a new position in Origin Bancorp in the 4th quarter valued at $90,000. Finally, Amalgamated Bank acquired a new position in Origin Bancorp in the fourth quarter worth $91,000. Institutional investors and hedge funds own 54.68% of the company’s stock.

About Origin Bancorp

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.