Origin Bancorp, Inc. (NYSE:OBK – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Investors 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 yield of 2.2%. The ex-dividend date of this dividend is Friday, November 13th.
Origin Bancorp has raised its dividend by an average of 0.1% per year 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.1%
Shares of Origin Bancorp stock opened at $51.22 on Thursday. The company has a fifty day simple moving average of $52.88 and a 200-day simple moving average of $48.08. Origin Bancorp has a 12-month low of $32.28 and a 12-month high of $55.57. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 16.01 and a beta of 0.74.
Origin Bancorp (NYSE:OBK – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 earnings per share (EPS) for the quarter. Origin Bancorp had a net margin of 16.26% and a return on equity of 7.97%. The company had revenue of $113.22 million during the quarter. On average, equities analysts forecast that Origin Bancorp will post 4.11 EPS for the current fiscal year.
About Origin Bancorp
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.
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