Origin Bancorp, Inc. (NYSE:OBK) Shareholders to Collect $0.28 Quarterly Dividend

Origin Bancorp, Inc. (NYSE:OBK) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share on Monday, November 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 13th.

Origin Bancorp has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Origin Bancorp has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Origin Bancorp to earn $4.46 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.4%.

Origin Bancorp Stock Performance

Shares of Origin Bancorp stock opened at $51.22 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. Origin Bancorp has a twelve month low of $32.28 and a twelve month high of $55.57. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 16.01 and a beta of 0.74. The company’s fifty day moving average is $52.88 and its 200 day moving average is $48.08.

Origin Bancorp (NYSE:OBK) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. The business had revenue of $113.22 million during the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. Sell-side analysts forecast that Origin Bancorp will post 4.11 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on OBK shares. Weiss Ratings upgraded Origin Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Piper Sandler increased their price target on Origin Bancorp from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. DA Davidson raised their price objective on Origin Bancorp from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price objective on Origin Bancorp from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Finally, Benchmark upgraded Origin Bancorp to a “hold” rating in a report on Thursday, September 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Origin Bancorp Company Profile

Origin Bancorp, Inc is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities.

Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.

The bank serves customers through banking locations and digital channels across Louisiana, Texas and Mississippi.