Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) declared a quarterly dividend on Wednesday, April 27, Zacks reports. Shareholders of record on Tuesday May 17 will receive a dividend of 0.15 per share on Tuesday May 31. This represents an annualized dividend of $0.60 and a yield of 1.53%. The ex-date of this dividend is Monday, May 16. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.13.
Origin Bancorp has increased its dividend by an average of 71.3% per year over the past three years and has increased its dividend every year for the past 3 years. Origin Bancorp has a dividend payout ratio of 12.2%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect Origin Bancorp to earn $4.21 per share next year, meaning the company should continue to be able to cover its $0.52 annual dividend. with an expected future payout ratio of 12.4%.
NASDAQ OBNK opened at $39.30 on Friday. The company has a debt ratio of 0.64, a current ratio of 0.91 and a quick ratio of 0.90. Origin Bancorp has a 1-year minimum of $37.67 and a 1-year maximum of $47.58. The company has a market capitalization of $933.34 million, a PE ratio of 8.56 and a beta of 0.99. The company has a fifty-day moving average of $42.66 and a two-hundred-day moving average of $43.42.
Origin Bancorp Inc (NASDAQ:OBNK – Get Rating) last released quarterly earnings data on Wednesday, April 27. The company reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.86 by $0.01. Origin Bancorp had a net margin of 35.72% and a return on equity of 15.62%. In the same period a year earlier, the company earned earnings per share of $1.08. On average, research analysts expect Origin Bancorp to post earnings per share of 3.4 for the current year.
Hedge funds and other institutional investors have recently been buying and selling stocks. Royal Bank of Canada increased its stake in Origin Bancorp by 68.8% during the third quarter. Royal Bank of Canada now owns 2,556 shares of the company worth $109,000 after buying 1,042 more shares last quarter. The Canada Pension Plan Investment Board acquired a new position in Origin Bancorp during the fourth quarter worth approximately $172,000. Cubist Systematic Strategies LLC acquired a new position in Origin Bancorp during the fourth quarter worth approximately $216,000. BNP Paribas Arbitrage SA increased its position in Origin Bancorp by 164.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,831 shares in the company worth $247,000 after purchasing an additional 3,623 shares during the period. Finally, Citigroup Inc. increased its position in Origin Bancorp by 43.9% during the fourth quarter. Citigroup Inc. now owns 8,834 shares of the company worth $379,000 after purchasing an additional 2,697 shares during the period. 54.73% of the shares are held by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded Origin Bancorp shares from a “buy” to a “hold” rating in a Wednesday, March 2 report.
About Origin Bancorp (Get a rating)
Origin Bancorp, Inc operates as a bank holding company for Origin Bank which provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals and retail customers in Texas, Louisiana and Mississippi. It offers interest-free and interest-bearing checking accounts, savings deposits, money market accounts, and term deposits; and offers commercial real estate, construction and land development, consumer goods, residential, commercial and industrial real estate loans, warehouse mortgages, residential mortgages and paycheck protection programs.
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