Origin Bancorp, Inc. (OBK) to Issue Quarterly Dividend of $0.15 on February 27th

Origin Bancorp, Inc. (NYSE:OBK) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Friday, February 13th will be given a dividend of 0.15 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th.

Origin Bancorp has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Origin Bancorp has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings.

Origin Bancorp Stock Up 4.4%

Shares of NYSE:OBK opened at $42.51 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 17.71 and a beta of 0.74. The firm has a 50 day moving average price of $38.73. Origin Bancorp has a 52-week low of $28.80 and a 52-week high of $43.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, January 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $94.00 million for the quarter. Origin Bancorp had a net margin of 12.58% and a return on equity of 6.27%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OBK shares. Zacks Research upgraded Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Origin Bancorp in a report on Thursday, January 22nd. Piper Sandler increased their target price on Origin Bancorp from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. DA Davidson restated a “buy” rating and issued a $42.00 price target on shares of Origin Bancorp in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Origin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Origin Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.