Origin Bancorp (NASDAQ:OBK – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05, Yahoo Finance reports. Origin Bancorp had a return on equity of 8.03% and a net margin of 13.18%. The business had revenue of $164.26 million during the quarter, compared to analysts’ expectations of $90.70 million. During the same quarter in the previous year, the business earned $0.69 earnings per share.
Origin Bancorp Stock Performance
NASDAQ OBK traded up $0.48 on Friday, hitting $35.08. 105,081 shares of the company traded hands, compared to its average volume of 111,675. The business’s 50 day moving average price is $31.78 and its 200-day moving average price is $31.11. Origin Bancorp has a 52-week low of $26.68 and a 52-week high of $37.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.06 and a beta of 1.00.
Origin Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, August 15th. Origin Bancorp’s payout ratio is 22.64%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on OBK
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.
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