Origin Bancorp (NASDAQ:OBK) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Origin Bancorp (NASDAQ:OBK - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06), Yahoo Finance reports. The company had revenue of $160.25 million during the quarter, compared to analysts' expectations of $93.40 million. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. During the same quarter in the previous year, the firm earned $0.71 EPS.

Origin Bancorp Trading Down 0.5 %

Shares of NASDAQ OBK traded down $0.15 during trading hours on Friday, hitting $31.20. 77,725 shares of the company traded hands, compared to its average volume of 104,004. The company's 50 day moving average price is $32.10 and its 200 day moving average price is $31.68. Origin Bancorp has a 12 month low of $27.46 and a 12 month high of $37.56. The stock has a market capitalization of $971.57 million, a price-to-earnings ratio of 11.91 and a beta of 0.99. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, November 15th. Origin Bancorp's payout ratio is 22.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OBK shares. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Stephens upped their price objective on Origin Bancorp from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.75.

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.