Analysts Set Expectations for Origin Bancorp, Inc.’s FY2024 Earnings (NASDAQ:OBK)

Origin Bancorp, Inc. (NASDAQ:OBK) – Equities research analysts at DA Davidson dropped their FY2024 earnings per share (EPS) estimates for Origin Bancorp in a research note issued on Thursday, October 3rd. DA Davidson analyst M. Navas now expects that the company will earn $2.52 per share for the year, down from their previous estimate of $2.53. The consensus estimate for Origin Bancorp’s current full-year earnings is $2.60 per share.

Several other equities research analysts also recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $39.00 price target on shares of Origin Bancorp in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price objective on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.00.

Origin Bancorp Trading Down 0.0 %

Shares of NASDAQ OBK opened at $30.72 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50 day moving average price is $32.02 and its 200-day moving average price is $31.48. Origin Bancorp has a fifty-two week low of $26.68 and a fifty-two week high of $37.56. The company has a market cap of $952.78 million, a price-to-earnings ratio of 11.59 and a beta of 0.99.

Origin Bancorp (NASDAQ:OBK) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.05. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. The firm had revenue of $164.26 million for the quarter, compared to the consensus estimate of $90.70 million. During the same period in the prior year, the business posted $0.69 earnings per share.

Origin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.95%. Origin Bancorp’s payout ratio is currently 22.64%.

Institutional Trading of Origin Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Origin Bancorp by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,197 shares of the company’s stock valued at $32,454,000 after acquiring an additional 102,159 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Origin Bancorp in the 4th quarter worth $20,935,000. Tributary Capital Management LLC boosted its position in shares of Origin Bancorp by 19.6% in the 2nd quarter. Tributary Capital Management LLC now owns 398,486 shares of the company’s stock worth $12,640,000 after purchasing an additional 65,266 shares in the last quarter. RMB Capital Management LLC acquired a new stake in shares of Origin Bancorp in the 4th quarter worth $7,648,000. Finally, Stieven Capital Advisors L.P. acquired a new stake in shares of Origin Bancorp in the 2nd quarter worth $5,637,000. Institutional investors own 54.68% of the company’s stock.

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.