Origin Bancorp (OBK) Set to Announce Quarterly Earnings on Wednesday

Origin Bancorp (NASDAQ:OBK) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Origin Bancorp (NASDAQ:OBK) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). Origin Bancorp had a return on equity of 8.50% and a net margin of 14.40%. The firm had revenue of $81.19 million during the quarter, compared to the consensus estimate of $88.20 million. On average, analysts expect Origin Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Origin Bancorp Stock Performance

NASDAQ:OBK opened at $29.16 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.96. Origin Bancorp has a 1 year low of $25.59 and a 1 year high of $36.91. The stock’s 50 day simple moving average is $29.79 and its two-hundred day simple moving average is $31.29. The company has a market cap of $904.25 million, a price-to-earnings ratio of 10.76 and a beta of 0.96.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Wednesday, February 14th. Origin Bancorp’s payout ratio is 22.14%.

Hedge Funds Weigh In On Origin Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of OBK. Comerica Bank purchased a new position in shares of Origin Bancorp in the 4th quarter worth approximately $73,000. US Bancorp DE purchased a new position in Origin Bancorp during the 4th quarter valued at $131,000. Kestra Advisory Services LLC purchased a new position in Origin Bancorp during the 4th quarter valued at $213,000. Pitcairn Co. purchased a new position in Origin Bancorp during the 4th quarter valued at $221,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Origin Bancorp during the 4th quarter valued at $259,000. Hedge funds and other institutional investors own 54.68% of the company’s stock.

Wall Street Analyst Weigh In

OBK has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating on shares of Origin Bancorp in a research note on Monday, January 15th. Raymond James lifted their price objective on Origin Bancorp from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, TheStreet cut Origin Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

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.