Origin Bancorp, Inc. (NASDAQ:OBNK) Expected to Post Quarterly Sales of $70.12 Million

Analysts expect that Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) will announce $70.12 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Origin Bancorp’s earnings. The highest sales estimate is $71.43 million and the lowest is $68.80 million. Origin Bancorp posted sales of $66.73 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Origin Bancorp will report full-year sales of $291.78 million for the current fiscal year, with estimates ranging from $278.90 million to $304.66 million. For the next fiscal year, analysts expect that the company will report sales of $346.91 million, with estimates ranging from $307.10 million to $386.72 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Origin Bancorp.

Origin Bancorp (NASDAQ:OBNK – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Origin Bancorp had a net margin of 34.71% and a return on equity of 14.81%. During the same period in the prior year, the business posted $1.08 earnings per share.

Separately, Zacks Investment Research raised shares of Origin Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday.

Shares of NASDAQ:OBNK traded down $0.05 during trading on Wednesday, reaching $38.01. The company’s stock had a trading volume of 51,352 shares, compared to its average volume of 57,402. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.68. Origin Bancorp has a 12 month low of $36.80 and a 12 month high of $47.58. The firm’s 50 day simple moving average is $40.29 and its two-hundred day simple moving average is $42.61. The stock has a market capitalization of $903.46 million, a PE ratio of 8.68 and a beta of 1.00.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be paid a dividend of $0.15 per share. This is a positive change from Origin Bancorp’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, May 16th. Origin Bancorp’s dividend payout ratio (DPR) is currently 13.70%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in shares of Origin Bancorp by 36,244.9% in the 2nd quarter. Morgan Stanley now owns 42,887 shares of the company’s stock worth $1,821,000 after buying an additional 42,769 shares during the period. Raymond James & Associates lifted its stake in shares of Origin Bancorp by 2.8% during the 3rd quarter. Raymond James & Associates now owns 28,304 shares of the company’s stock worth $1,199,000 after purchasing an additional 771 shares during the last quarter. Barclays PLC lifted its stake in shares of Origin Bancorp by 216.6% during the 3rd quarter. Barclays PLC now owns 38,753 shares of the company’s stock worth $1,641,000 after purchasing an additional 26,512 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Origin Bancorp by 96.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 33,753 shares of the company’s stock worth $1,429,000 after purchasing an additional 16,560 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Origin Bancorp by 20.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 223,760 shares of the company’s stock worth $9,476,000 after purchasing an additional 37,690 shares during the last quarter. Institutional investors own 55.50% of the company’s stock.

Origin Bancorp Company Profile (Get Rating)

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans.

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